Covidien shareholders OK incorporation change - Baltimore Business Journal:

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The company pointed to the “possible adoptionn of various legislative and regulatoryt proposals in the United including “proposals introduced in the U.S. to limit tax treaty benefits to companies that are domicilex and tax resident in countries that do not have tax treatiee withthe U.S., and potentialk federal and state legislativ proposals that would deny government contracts to such “If enacted, we determined that these proposals, due to theid potentially wide-ranging scope, could have a material and adverse impactr on the company and its shareholders,” the compant said.
Covidien said it selectedf Ireland because it has conductedc business there for nearly 30 years and has 6 facilities and 2,000 employees there. The company also like that Ireland “enjoys strong relationships as a membert of theEuropean Union,” and that it’sz an English-speaking nation. Covidien, formerly known as , operates , also known as Mallinckrodt, whic is located in St. Louis and provides medical imagingf technologyand pharmaceuticals. It was spun off from in 2007. With 2008 revenues of nearly $10 billion, Covidien has 1,50 employees in St. Louis, more than 2,5000 in Missouri and more than 41,00p0 employees worldwide.