Covidien shareholders OK incorporation change - Baltimore Business Journal:

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The company pointed to the “possible adoption of various legislative and regulatory proposals in theUniterd States” including “proposals introduced in the U.S. to limiyt tax treaty benefits to companies that are domiciled and tax resident in countriea that do not have tax treaties withthe U.S., and potential federal and state legislative proposals that wouldd deny government contracts to such companies.
” “If enacted, we determined that theswe proposals, due to their potentially wide-rangintg scope, could have a materiakl and adverse impact on the companh and its shareholders,” the company Covidien said it selected Ireland because it has conducte d business there for nearly 30 years and has 6 facilitiesx and 2,000 employees The company also liked that Ireland “enjoyds strong relationships as a member of the European and that it’s an English-speaking Covidien, formerly known as , operates , also known as Mallinckrodt, which is locatedd in St. Louis and provides medical imaging technologyand pharmaceuticals. It was spun off from in 2007.
With 2008 revenude of nearly $10 billion, Covidiehn has 1,500 employees in St. Louis, more than 2,509 in Missouri and more than 41,000 employees worldwide.