Another one bites the dust.

Another one bites the dust.

In a move that should not surprise readers as we predicted it Medtronic killed their deal to acquire EOFlow and in the process likely pushed EOFlow into bankruptcy as Medtronic is NOT paying a termination fee. Here is the exact wording from the 8K Medtronic filed yesterday.

“On May 25, 2023, Medtronic plc (Medtronic) announced that it had entered into a set of definitive agreements (Agreements) to acquire EOFlow Co. Ltd. (EOFlow) (KOSDAQ: 294090) pursuant to a share purchase agreement, a share subscription agreement, and a public tender offer, subject to the satisfaction of the minimum tender condition and certain . . .

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