Medtronic (MDT) Declares $0.38 Quarterly Dividend; 2% Yield
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Medtronic (MDT) to Acquire TMVR Device Developer Twelve in $458M Deal
August 25, 2015 9:02 AM EDTMedtronic (NYSE: MDT) announced that it has signed a definitive agreement to acquire Twelve, Inc. ("Twelve"), a privately-held medical device company based in Redwood City, Calif., focused on the development of a transcatheter mitral valve replacement (TMVR) device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry.
"Upon close, this acquisition will strategically augment our existing capabilities in the transcatheter mitral space, which represents an important growth opportunity for Medtronic," said Sean Salmon, senior vice president and president, Coronary & Structural Heart, Medtronic. "We have followed the... More
