This one looks promising. Medtronic is in a lot of indexes and this spin off will be quite small relative to Medtronic. There should be some forced selling.
The company, to be called Physio-Control Inc., will have an estimated $450 million in annual sales.
Medtronic has had a great record of results over the years. This likely is a decent business that just doesn't fit current strategy. Don't hold your breath for this one, however. The transaction is expected to be completed in the first half of Medtronic's fiscal year 2008.
Link to Medtronic to spin off external defibrillator division - MarketWatch
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