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Eoflow

EOFLOW/Medtronic Tender: Proposed Preliminary Injunction Is a Problem

2.5k Views05 Oct 2023 14:51
If the injunction is enforced, Medtronic would acquire a ring-fenced asset exposed to potential court-determined liabilities. It is improbable to meet the transaction’s targeted 25 Oct closing date.
Boomeranged on Sun, 8 Oct 2023 19:33
On 6 October, the US judge "after a hearing, and after careful consideration of the pleadings and record evidence" handed down a preliminary injunction in favour of Insulet, pending a trial (expected in Spring 2024). Medtronic would be very brave to continue with the transaction after this ruling.
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