Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Siemens Healthineers AG (OTC:SMMNY) (OTC:SEMHF) and General Electric Company's (NYSE:GE) healthcare arm are reportedly weighing the potential acquisition of Medtronic Plc's (NYSE:MDT) two businesses being spun-off.
- Medtronic announced in October its intention to spin off the Patient Monitoring and Respiratory Interventions units within the next year to 18 months.
- Medtronic's patient-monitoring and respiratory-intervention businesses are also gathering interest from private equity firms, Bloomberg reported.
- Medtronic is in the process of spinning off the units but is open to outright sales at the right price, the report added, citing people familiar with the matter. The businesses could be valued at more than $7 billion.
- The Bloomberg report also said that the deliberations are ongoing. However, whether any offer will happen is unclear.
- Potential bidders may find themselves constrained by their debt levels, while private equity firms could decide to wait until financing conditions for large transactions improve.
- In May this year, Medtronic announced a plan to move its Renal Care Solutions business — into a separate business to be jointly owned with DaVita Inc (NYSE: DVA).
- Price Action: MDT shares are down 0.09% at $78.72 during the premarket session on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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