HALISTER: Cardinal Said to Near ~$6b Buy of Medtronic’s Unit: Reuters

Cardinal Said to Near ~$6b Buy of Medtronic’s Unit: Reuters

(Bloomberg) -- Cardinal Health is nearing deal to acquire Medtronic’s medical supplies business for close to $6b, Reuters reports, citing unidentified people familiar with the matter.
  • Deal could be announced later this month; cos. have entered exclusive talks over the sale
  • Medtronic and Cardinal Health declined to comment: Reuters
  • MDT rises as much as 1.9% post-mkt on 76k shrs
  • NOTE: Medtronic’s $5b Unit Said to Get Interest From Cardinal

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CAH US (Cardinal Health Inc)
MDT US (Medtronic PLC)

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