Medtronic (MDT) Raises Quarterly Dividend 25% to 38c/Share; Adds 80M Common Stock to Buyback Plan

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Go back to Medtronic (MDT) Raises Quarterly Dividend 25% to 38c/Share; Adds 80M Common Stock to Buyback Plan

Medtronic (MDT) Acquires CardioInsight Technologies in Net $93M + Performance Bonuses Deal

June 19, 2015 9:18 AM EDT

Medtronic (NYSE: MDT) announced that it has acquired CardioInsight Technologies, Inc. ("CardioInsight"), a privately-held, Cleveland-based medical device company that has developed a new approach to improve the mapping of electrical disorders of the heart. CardioInsight will become part of the Medtronic Atrial Fibrillation Solutions business in the Cardiac Rhythm and Heart Failure division. Medtronic completed its acquisition of CardioInsight on a debt-free basis in a transaction valued at approximately $93 million, net of CardioInsight's cash of $7 million, plus performance-based contingent consideration that may be paid... More