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Covidien, Medtronic Settle Investor Suit Over $42.9B Merger

By Kurt Orzeck ( December 24, 2014, 12:15 AM EST) -- Covidien PLC and Medtronic Inc. on Tuesday agreed to a non-monetary settlement in a consolidated stockholder suit alleging that their proposed $42.9 billion merger undervalues Covidien and accusing Covidien directors of breaches of fiduciary duty, the parties told a Massachusetts federal court....

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