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Medtronic's Chinese buy advances global strategy

Article by: JAMES WALSH , Star Tribune
Updated: September 28, 2012 - 9:30 PM

$816 million deal follows through on CEO Omar Ishrak's pledge.

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cas002Sep. 29, 12 6:45 PM

Wake up people - there is a pattern here. This is absolutely NOT about serving the Chinese market- it is all about off-shoring yet more good paying US jobs to China! Medtronic has been doing this for years like other MN companies and we have all gone along with it for some reason. Pawlenty's trip to India was touted with some of the same goals, opening up foreign markets, etc. but within a year all the companies who accompanied him on that trip (including Medtronic) had off-shored jobs there- coincidence? Better get smart fast on this stuff.