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Medtronic,Kyphon get German antitrust OK

Medtronic,Kyphon get German antitrust OK

MINNEAPOLIS (AP) – Medical device maker Medtronic Inc. said Wednesday the German Federal Cartel Office cleared the company’s planned $3.9 billion buyout of spinal implant maker Kyphon Inc.

The company announced the transaction in July. It still needs approvals from other antitrust authorities in order to proceed.

Kyphon shareholders are scheduled to vote on the offer on Oct. 16.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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