Bloomberg reported on Thursday that two business units that are being spun off by Medtronic (NYSE: MDT), a medical device company are being eyed by Siemens Healthineers AG (DE: SHL) and General Electric (GE).
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The report also stated that private equity firms are also looking at acquiring the patient-monitoring and respiratory-intervention businesses of Medtronic. These businesses could have a valuation of more than $7 billion, according to the report.
Medtronic announced the spin-off of these units back in October.
Wall Street analysts are sidelined about MDT stock with a Hold rating based on five Buys, 13 Holds, and one Sell.