Source AP ©

Medtronic Inc buys out Sunnyvale

Medical device maker Medtronic Inc. has accomplished its $4.2 billion (2.9 billion EUR) buyout of Sunnyvale, California-based Kyphon Inc.

The deal, initially announced by Medtronic in July, was seen as a move by the device maker to jump-start its spinal business. Kyphon designs medical devices to treat and restore the spine in the U.S. and Europe.

Medtronic is best known for its implantable pacemakers and defibrillators, spinal implants and insulin pumps.

Directors of both companies have unanimously cleared the deal, and Kyphon shareholders signed off on it two weeks ago.

Kyphon shareholders will receive $71 (49.04 EUR) per share in cash for each share of Kyphon common stock. Medtronic put the total value of the deal, including payment of Kyphon debt, at $4.2 billion (2.9 billion EUR).

Medtronic said it financed the deal primarily with cash on hand.

About 95% of Putin's Address to the Federal Assembly was devoted to social issues, but he also spoke about Russia's military power, her state-of-the-art weapons, and did not miss a chance to intimidate the United States.

Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech

About 95% of Putin's Address to the Federal Assembly was devoted to social issues, but he also spoke about Russia's military power, her state-of-the-art weapons, and did not miss a chance to intimidate the United States.

Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Comments
What Prime Minister Theresa May needs to understand
Shamans burn five camels in sacrifice ritual to make Russia stronger
Shamans burn five camels in sacrifice ritual to make Russia stronger
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
Shamans burn five camels in sacrifice ritual to make Russia stronger
Shamans burn five camels in sacrifice ritual to make Russia stronger
The Hypocrisy of the Chinese World Dog Show
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Trump Reportedly to Declare a National Emergency for Border Wall Funding
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Smartphones and social networks not allowed in the Russian Army
Three types of weapons that were stolen from Russia
Three types of weapons that were stolen from Russia
The Documented Ancient Construction Method of The Great Pyramid
Shamans burn five camels in sacrifice ritual to make Russia stronger
The Documented Ancient Construction Method of The Great Pyramid
Homosexuality and the Decline in American Values
Venezuela's Supreme Court v. US Attempted Coup