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Shares of medical device maker Covidien (COV) jumped 28% to above 92 on the stock market today after Medtronic (MDT) announced late Sunday that it is buying the company for $43 billion. Medtronic’s cash-and-stock payment amounts to $93.22 a share, based on Medtronic’s closing price Friday, and will create an industry heavyweight with $27 billion in annual revenue. Although Covidien’s operating headquarters are in Mansfield, Mass., its official Scalper1 News
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