Deals
Medtronic to Seek ‘Opportunistic’ Deals, CEO Says
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Medtronic Inc., the world’s largest heart-device maker, will be “opportunistic” in seeking acquisitions of as much as $1 billion to restore sales growth, Chairman and Chief Executive Officer Bill Hawkins said.
The company, based in Minneapolis, will focus on “tuck-in” acquisitions that fill holes in its business, Hawkins said. While the device maker won’t exclude larger deals if “we see something that is a good strategic fit,” transactions larger than $1 billion “are not our focus right now,” Hawkins said in a telephone interview today.