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JUN 14, 2014 - Yahoo! News

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Medtronic in talks to combine with Covidien in $45 billion deal: source

(Reuters) - Medical-device maker Medtronic Inc MDT.N and rival Covidien Plc COV.N are in advanced talks to combine in a deal valued at $45 billion to $50 billion, a source familiar with the matter said on Saturday. The deal, which would allow Medtronic to be domiciled in Ireland where Covidien is based and thus take advantage of lower tax rates, could come as soon as Monday, the person said, asking not to be named because the matter is not public. The Wall Street Journal first reported the talks. Minneapolis-based Medtronic, which makes cardiovascular and orthopedic devices, has a market ... Read More

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