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Jun. 26, 2001

Fredrikson & Byron: MEDTRONIC PLANS BUYOUT OF LOCAL MEDICAL-DEVICE FIRMS

Cardiovascular device supplier Medtronic Inc. will acquire two separate but related medical device manufacturers. The Minneapolis company has agreed to buy Northridge's MiniMed Inc. for nearly $3.3 billion in cash. It also has agreed to buy Sylmar's Medical Research Group for $420 million in cash and stock.

        Cardiovascular device supplier Medtronic Inc. will acquire two separate but related medical device manufacturers.
        The Minneapolis company has agreed to buy Northridge's MiniMed Inc. for nearly $3.3 billion in cash. It also has agreed to buy Sylmar's Medical Research Group for $420 million in cash and stock.
        Medtronic manufact...

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