Medtronic agrees to buy device maker Covidien for $42.9 billion

Medtromic's 'Rising Man' symbol
The "Rising Man" symbol stands in front of the Fridley, Minn., based Medtronic.
Jim Mone/Associated Press

Fridley-based Medtronic has agreed to buy Irish medical device manufacturer Covidien for $42.9 billion in cash and stock.

The combined company would have executive offices in Dublin, where it could benefit from a lower corporate tax rates. Medtronic employs more than 8,000 people in the Twin Cities area.

Debbie Wang, Morningstar analyst, joins The Daily Circuit to talk about the latest Medtronic news.

Before you keep reading ...

MPR News is made by Members. Gifts from individuals fuel the programs that you and your neighbors rely on. Donate today to power news, analysis, and community conversations for all.