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Medtronic (NYSE:MDT) acquires orthopedic implants supplier China Kanghui at a price of $816 million. The deal should increase the buyer’s presence in China. Medtronic’s bid of $30.75 per ADR represents a 22.5 percent bonus to Kanghui’s close on Thursday.
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MetroPCS Communications (NYSE:PCS) is said to be “holding conversations with a number of strategic suitors,” according to a source to The Financial Times, while at the same time cautioning observers that the talks should not be considered to be negotiations at this point. However, because chatter regarding possible takeovers of the firm is not uncommon, its shares are down modestly Friday; peer discount carrier Leap Wireless International (NASDAQ:LEAP) has been linked before to such rumors. Further, Sprint Nextel Corporation (NYSE:S), which is said to have been close to purchasing MetroPCS earlier in 2012, is reportedly “not fully engaged” in conversations this time.
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