Medtronic terminates acquisition of EOFlow due to multiple breaches

Medtronic plc

Terminated share purchase, subscription, and tender agreements with EOFlow Co. Ltd. (KOSDAQ: 294090) on Dec 6, 2023.
Termination based on multiple breaches by EOFlow under the agreements; no termination fee payable.
Deal originally announced May 25, 2023; minimum tender condition and regulatory clearances were pending.
Medtronic reaffirms FY2024 adjusted EPS guidance provided Nov 21, 2023; termination has no impact.

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