Medtronic, Inc. Gets a Pain in the Back

A controversy concerning Medtronic Inc. (NYSE: MDT), the largest manufacturer of medical devices in the U.S., may serve as a drag on its stock’s performance for months to come. Medtronic has been publicly traded since 1959 and has been listed on the New York Stock Exchange since 1977, which in such a fast-moving field makes it positively venerable. More important for investors, there’s been some recent good news for Medtronic. It has for example, just completed two strategic acquisitions, one of PEAK Surgical Inc., the other of Salient Surgical Technologies Inc.

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