Medtronic Buys Covidien for $43 Bln. - Presented by: The Aol. On Network

Lower taxes is fast becoming the new corporate dowry. Medtronic will pay nearly $43 billion to buy Covidien in a marriage of American and Irish medical device makers. Medtronic will move its headquarters to Dublin where Covidien lives to lower its taxes. An analyst at William Blair calculates the move will save Medtronic about $250 million a year in taxes. Most recently, Pfizer's failed attempt to buy Britain's AstraZeneca generated buzz because Pfizer planned to make the UK its new tax home..



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