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Covidien Forms China JV to Address “Value” Market

publication date: Jan 14, 2014
Covidien, an Irish medical device and supply company, will form a JV with Changzhou Kangdi Medical Stapler, a company that makes disposable circular and linear staplers. At the same time, Covidien announced it acquired WEM Equipamentos Eletrônicos Ltda. of Brazil. WEM manufactures electrosurgical generators, disposables and accessories. Covidien says it will leverage the two transactions to create a presence in the “value” segment of emerging markets. More details....

Stock Symbol: (NYSE:COV)

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