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Ireland/US: High Court agrees to reverse pharma merger

By  |  January 27, 2015

Minnesota-based Medtronic’s purchase of an Irish healthcare company is almost finished.

The Irish High Court agreed to the acquisition of Covidien Monday morning.

The deal puts both companies under a corporate parent based in Ireland, where corporations face taxes about one-third the U.S. rate.

Medtronic, which will keep its executive offices in Minneapolis, will become a global maker of health-care goods with $27 billion in revenue and a combined 85,000 employees.

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