Medical device maker Medtronic to buy Covidien for $42.9bn
US medical-device maker Medtronic
Washington - AFP
US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said.
The deal, announced late Sunday, would allow Medtronic to take advantage of Ireland's lower business tax rates -- 12.5 percent versus 35 percent in the United States.
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