My Forums

Trending

Quick Links:

Tiger Rant

•LSU Recruiting

•O-T Lounge

•Politics

•More Sports

•SEC Rant

•Saints

•Home/Garden

•Outdoors

•Movie/TV

•Food/Drink

•Money

•Tech

•Music

•Travel

•TD Help

...

Money Talk

Return•Bottom

Page 1

Started By

Message

Medtronic to buy Covidien, plc for $43B

Posted on 6/16/14 at 12:04 pm

Posted by iknowmorethanyou

Paydirt

Member since Jul 2007

6545 posts

Posted on 6/16/14 at 12:04 pm

Cash and stock deal scheduled to close late 2014 or early 2015. I'm a COV owner. Any insights from those familiar with the deal would be appreciated.

2 ...

Report Post

Posted by LSURussian

Member since Feb 2005

126953 posts

Posted on 6/16/14 at 12:56 pm to iknowmorethanyou

Congratulations on owning a company that got bought at a 25%+ premium over its previous closing price!

The only insight I have is I tried to short COV today but there are no shares available for shorting through Schwab.

This post was edited on 6/16/14 at 1:35 pm

0 ...

Report Post

Posted by Zach

Gizmonic Institute

Member since May 2005

112409 posts

Posted on 6/16/14 at 1:07 pm to iknowmorethanyou

I've got 700 shares of Medtronics at 60 bucks a share = 42K. What can I expect from this buy?

1 ...

Report Post

Posted by Shepherd88

Member since Dec 2013

4579 posts

Posted on 6/16/14 at 1:53 pm to Zach

Appears the deal will go down for $93.22/sh of what COV is trading at now. Owners of COV will receive 30% stock of Medtronic and the rest in cash. This will be a taxable event for non-qualified holders is my understanding. Medtronics is planning on relocating headquarters to Ireland. I don't have a time frame on the deal yet though.

1 ...

Report Post

Posted by SippyCup

Gulf Coast

Member since Sep 2008

6139 posts

Posted on 6/16/14 at 2:08 pm to Shepherd88