Coffee Break - Germans Clear Medtronic Buyout of Kyphon

Summary


German antitrust authorities have cleared medical device maker Medtronic's bid to buy rival Kyphon, the companies announced Wednesday.

The green light in Europe's biggest economy is a good sign for the deal, which received approval from U.S. authorities earlier this month.

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Extract


Coffee Break - Germans Clear Medtronic Buyout of Kyphon

Medtronic, a Minneapolis-based firm with its spinal surgery unit in Memphis, is offering $71 per share, or roughly $3....

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