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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:26 EDTMDTMedtronic falls from highs, levels to watch
Shares gapped up at the open to $63.50 following news of the company's acquisition of Covidien (COV) for $42.9B. The stock has since turned negative on the day, last trading at $59.91, down 1.3%. Next support based on current price is at $58.77. Resistance is at $60.42.
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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