Ex-Tyco Affiliate Covidien Inks Deals To Sell 2 Units

Law360, New York (September 3, 2009, 6:36 PM EDT) -- Former Tyco International affiliate Covidien PLC has reached deals to sell its sleep diagnostic and oxygen therapy product lines, though the health care products provider has taken its special chemicals business off the market.

Dublin-based Covidien announced Thursday that it had entered agreements to sell its Sandman-brand sleep diagnostic products to Embla Systems Inc., and its Companion and Helios oxygen therapy products to Chart Industries Inc.

Terms of both deals were not disclosed, though both are subject to customer closing conditions and expected to be completed...
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