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UPDATE 1-Medtronic to acquire Mazor in $1.64 billion deal [Reuters]

Medtronic plc. Ordinary Shares (MDT) 
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.medtronic.com
Company Research Source: Reuters
UPDATE 1-Medtronic to acquire Mazor in $1.64 billion deal | Reuters 2 Min Read (Adds details) Sept 20 (Reuters) - Medical equipment company Medtronic Plc will acquire Israel-based Mazor Robotics for about $1.64 billion in an all-cash deal, or $1.34 billion net of Medtronic’s existing stake in Mazor, the companies said on Thursday. Medtronic agreed to pay $58.50 per American Depository Share or $29.25 (104.80 shekels) per ordinary share in cash and the boards of both companies unanimously approved the deal. Medtronic, which held a stake of about 11 percent prior to the deal, said the deal was expected to be modestly dilutive to its fiscal 2019 adjusted earnings per share. The companies in 2016 had entered a multi-phase strategic partnership in which Medtronic made equity investments in Mazor, a maker of guidance systems for spine and brain surgeries, and distributed its products. The deal is expected to close during Medtronic’s third quarter ending January 25, 2019 and is subject to re Show less Read more
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