MASSDEVICE ON CALL — Pure-play medical device giant Medtronic (NYSE:MDT) may be preparing a $3 billion multi-part offering this year, according to an unnamed insider.
The company is said to be planning to sell $1 billion of 5-year securities, $1.25 billion of 10-year notes and $750 million of 30-year debentures, Bloomberg reported, citing an anonymous source.
If the sale pans out, it’ll be Medtronic’s 1st offering in about a year, the report noted.
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