• Text size      
  • Send this article to a friend
  • Print this article

Medtronic in £25.3bn deal

US medical device maker Medtronic has agreed a deal to buy Dublin-based rival Covidien in a £25.3 billion cash and shares transaction that will see the enlarged firm employ more than 87,000 staff and have a presence in 150 countries.

The new firm will have its corporate headquarters in Ireland, which has a lower corporate tax rate than the US.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.