Medtronic to expand Chinese presence with Weigao partnership

12/18/2007 | MarketWatch · Wall Street Journal (free content), The

Medtronic has agreed to purchase a 15% stake in Shandong Weigao Group Medical Polymer Co. for $221 million to expand its presence in China. The deal, which would allow both firms to offer devices for the treatment of orthopedic and spinal injuries, is expected to enhance Weigao's product quality and increase its product lines, the company's chairman said.

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MarketWatch · Wall Street Journal (free content), The

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