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Covidien To Spin Off Pharma Business

(Reuters) – Healthcare products and medical device maker Covidien Plc (COV.N) said on Thursday it plans to spin off its pharmaceutical business into a stand-alone public company, sending its shares up by as much as 5 percent.

Read entire article: http://www.reuters.com/article/2011/12/15/us-covidien-idUSTRE7BE0Z120111215

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