Medtronic Statement on U.S. Department of Treasury's Notice 2015-79
November 20 2015 - 6:45AM
DUBLIN - Nov. 20, 2015 -
Medtronic plc (NYSE:MDT) has conducted
a preliminary review of the United States Department of
Treasury's Notice 2015-79, issued on November 19,
2015, which is aimed at addressing certain aspects of
transactions known as "tax inversions." Medtronic has
concluded that the actions announced in Notice 2015-79 do not have
a material financial impact on the company. Medtronic will
continue to more fully assess Notice 2015-79 and will provide
appropriate disclosure concerning any potential material impact on
the company as necessary.
Medtronic's acquisition of Covidien, which closed
in January of 2015, was undertaken for strategic reasons and has
created a company that is positively impacting the lives of
more patients, in more ways and in more places around the
world.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, is among the world's largest medical technology, services
and solutions companies - alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 85,000 people worldwide, serving physicians,
hospitals and patients in approximately 160 countries. The company
is focused on collaborating with stakeholders around the world to
take healthcare Further, Together.
Any forward-looking statements
are subject to risks and uncertainties such as those described in
Medtronic's periodic reports on file with the Securities and
Exchange Commission. Actual results may differ materially from
anticipated results.
-end-
Contacts:
Fernando Vivanco
Public Relations
+1-763-505-3780
Ryan Weispfenning
Investor Relations
+1-763-505-4626
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medtronic plc via Globenewswire
HUG#1968289
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