Setback for effort to keep manufacturing plant

August 22, 2014

A national newspaper reports that complications have arisen over Medtronic’s effort to buy Covidien, and Oconee’s economic development recruiter admits the complications don’t bode well for the county to convince the buyer to keep the seller’s plant operating near Seneca. But Richard Blackwell says it hasn’t stopped Oconee’s effort to hold onto the long-time maker of medical products. The Wall Street Journal this week reported that Covidien has come under scrutiny by the federal government over a controversial tax tactic. The paper also reported that, as part of the deal to sell, Medtronic of Minneapolis, Minnesota would leave the U-S and re-incorporate in Ireland, where Covidien is based.

Weather

Calendar

  • January 30, 2015Walhalla Civic Auditorium Presents Southern Fried Nuptials
  • February 1, 2015 10:00 amShellem Cline at Bethel Baptist Church Singing
  • February 5, 2015 7:00 pmHoly Spirit Encounter Conference
  • February 7, 2015 12:00 pmBenefit for Jack Norris
AEC v1.0.4