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Covidien Ltd.
Covidien Ltd. Announces Proposed Change in Incorporation
January 10th, 2009
Covidien Ltd. (NYSE: COV; BSX: COV) announced that its Board of Directors has unanimously approved moving the Company’s principal executive office from Bermuda to Ireland. This move is part of a reorganization that will create a newly formed Irish company, Covidien plc. The first step in this reorganization is the establishment of Covidien's tax residency in Ireland later this month. Covidien shareholders then will be asked to vote in favor of completing the reorganization at a shareholders meeting. If conditions are satisfied, including approval by Covidien's shareholders and the Supreme Court of Bermuda, Covidien plc then will replace Covidien Ltd. as the ultimate...
Source: Law & Health Weekly (2009-01-10)
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