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Medtronic agrees to buy device maker Covidien for $42.9 billion

Medtromic's 'Rising Man' symbol
The "Rising Man" symbol stands in front of the Fridley, Minn., based Medtronic.
Jim Mone/Associated Press

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Fridley-based Medtronic has agreed to buy Irish medical device manufacturer Covidien for $42.9 billion in cash and stock.

The combined company would have executive offices in Dublin, where it could benefit from a lower corporate tax rates. Medtronic employs more than 8,000 people in the Twin Cities area.

Debbie Wang, Morningstar analyst, joins The Daily Circuit to talk about the latest Medtronic news.