Medtronic to pay $816 million for Chinese orthopedic implant maker (Twin Cities)
Medtronic is paying $816 million to acquire a Chinese manufacturer of orthopedic devices in a deal that's meant to expand the Fridley-based company's reach in emerging markets.
Medtronic will pay $30.75 per share for China Kanghui Holdings in a transaction with a value of about $755 million after factoring Kanghui's cash, the companies announced Thursday, Sept. 27.
A growing share of Medtronic sales is coming from outside the United States. Chief Executive Omar Ishrak made boosting sales in emerging markets such a...
