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Medtronic in talks to exit neuroradiology business via sale of Micro Interventional Systems.

This article was originally published in The Gray Sheet

Executive Summary

MEDTRONIC MISSES TARGET WITH MICRO INTERVENTIONAL SYSTEMS: the company says it is in talks to exit the neuroradiology business by divesting MIS. Medtronic announced its decision to sell MIS less than two years after it acquired the firm in November 1995 for about $73 mil. in Medtronic stock ("The Gray Sheet" Nov. 6, 1995, p. 6). Medtronic is casting the divestiture as a way to enable it to refocus resources on further developing the company's coronary and peripheral vascular product business.
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