Private equity firm Carlyle Group Inc has entered into exclusive negotiations to acquire a majority stake in two medical device businesses of Medtronic Plc at a valuation of more than $7 billion, according to people familiar with the matter.
has entered into exclusive negotiations to acquire a majority stake in two medical device businesses of Medtronic Plc at a valuation of more than $7 billion, according to people familiar with the matter.
Were an agreement to be reached in the coming weeks, it would mark the culmination of Medtronic's 12-month review of its patient monitoring and respiratory interventions businesses, that it also considered. Medtronic is seeking to streamline its portfolio and focus on its higher-growth assets, such as its heart and diabetes devices.
The units that Medtronic would shed would be moved to a new company majority-owned by Carlyle, the sources said. Medtronic would retain a stake in the new company of more than 35%, the sources added. The sources cautioned that no deal is certain and requested anonymity because the matter is confidential. Medtronic and Carlyle declined to comment.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘The Meeting,’ First Chile-Vietnam Co-Production in Talks (EXCLUSIVE)‘The Meeting’ details a historical encounter between Vietnam’s Ho Chi Minh and Chile’s Salvador Allende, who died 50 years ago.
Weiterlesen »
Thessaloniki’s Agora Works in Progress Films Cast Gaze on Human Condition (EXCLUSIVE)Agora, the industry section of the Thessaloniki International Film Festival, has selected 10 films for its works in progress strand.
Weiterlesen »
Stephen Curry to Produce Upcoming Documentary on Bay Area Rap Legend Mac Dre: ExclusiveThe project will highlight the Bay Area rapper’s impact on hip-hop and vital role in ushering the “hyphy” movement in the early 2000s.
Weiterlesen »
Exclusive: BNP Paribas to track UK staff to enforce office attendanceBNP Paribas has told London-based staff it will track their entry-gate swipes against logins to the bank's computer network to ensure employees meet targets for working from the office, a staff memo seen by Reuters shows.
Weiterlesen »