Search Tag: acquistions
2016 28 Apr
Abbott Laboratories is taking over St. Jude Medical Inc. in a deal worth $25 bln that will create a giant in the cardio-related devices market. The two NYSE-listed companies said in a joint announcement that the combination will “create a premier medical device leader and strengthen Abbott’s long-term growth potential.” They added that the...Read more
2015 07 Dec
Medtronic, a medical devices company gained approximately $9.8 billion from its merger with Covidien. Medtronic was able to bring back these overseas funds back into the U.S. when it bought Covidien for $4.9 billion and moved its tax domicile from the U.S. to Ireland. The device giant intends to use this extra cash to repurchase stocks, repay debts...Read more