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Stock Market & Financial Investment News

News Breaks
January 25, 2013
06:15 EDTMDTMedtronic downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Medtronic citing valuation with the stock above its $46 price target.
News For MDT From The Last 14 Days
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August 25, 2015
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.

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