Medtronic to buy Covidien and head to Ireland

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Medtronic to buy Covidien and head to Ireland

by Hot Stock Minute 2:03 mins

Medtronic to buy Covidien and head to Ireland

by Hot Stock Minute 2:03 mins

Medtronic to buy rival Covidien for $42.9B in cash and stock. The deal would move the combined company to Ireland. The U.S. corporate tax rate is 35%, among the world’s highest, while Ireland’s is as low as 12.5%

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