Investors like the Medtronic/Covidien deal

|About: Medtronic plc (MDT)|By:, SA News Editor

Share price movement of the acquirer is always an accurate metric for the market's opinion of an acquisition or merger. Investors appear to like Medtronic's (MDT) buy of Covidien (COV) announced yesterday. MDT is up 12% premarket on robust volume. COV, as expected, is up 36%.