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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Nov. 27, 2:28 PM

Slide #65. Medtronic plc Medicrea International

Acquirer: Medtronic plc (NYSE:MDT)
Acquiree: Medicrea International
Details: Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced that it has completed its friendly tender offer for France-based Medicrea International (Euronext Growth Paris: FR0004178572 ALMED Medicrea; OTCQX Best Market MRNTF), a pioneer in the transformation of spinal surgery through artificial intelligence (AI), predictive modeling and patient specific implants. On July 15, 2020, the parties announced a friendly voluntary all-cash tender offer at the price of 7.00 per Medicrea share. As a result of completion of the tender offer, Medtronic currently owns in excess of 90% of Medicrea's share capital and voting rights and will shortly request the implementation of a squeeze-out procedure under French law, which will result in Medicrea becoming a wholly-owned subsidiary of Medtronic.

Medtronic is a medical technology, services and solutions company. Co.'s four operating and reportable segments are: Cardiac and Vascular Group, which is made up of the cardiac rhythm and heart failure, coronary and structural heart, and aortic, peripheral and venous divisions; Minimally Invasive Therapies Group, which is made up of the surgical innovations and respiratory, gastrointestinal, and renal divisions; Restorative Therapies Group, which is made up of the brain therapies, spine, specialty therapies, and pain therapies divisions; and Diabetes Group, which develops, manufactures, and markets products and services for the management of Type 1 and Type 2 diabetes.

Medtronic SEC Filing Email Alerts Service


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Company Name:  Medtronic PLC
Stock buyback:  MDT buyback
Website:  www.medtronic.com
Sector:  Medical Instruments & Supplies
Number of ETFs Holding MDT:  111
Total Market Value Held by ETFs:  $17.58B
Total Market Capitalization:  $152.31B
% of Market Cap. Held by ETFs:  11.54%
 

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November 27, 2020    2:28 PM Eastern
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Strong Buy (3.62 out of 4)
66th percentile
(ranked higher than approx. 66% of all stocks covered)

Analysts' Target Price:
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