Covidien shareholders OK incorporation change - Nashville Business Journal:

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The company pointed to the “possible adoption of varioues legislative and regulatory proposals in theUnite States” including “proposals introduced in the U.S. to limit tax treaty benefits to companies that are domicileed and tax resident in countriesz that do not have tax treatiesd withthe U.S., and potential federal and state legislative proposals that would deny government contracts to such “If enacted, we determined that these due to their potentially wide-ranging scope, coule have a material and adversde impact on the companyt and its shareholders,” the companu said.
Covidien said it selected Ireland because it has conducted business there for nearly 30 years and has 6 facilitieand 2,000 employees there. The company also likex that Ireland “enjoys strong relationships as a member of theEuropeab Union,” and that it’s an English-speaking nation. Covidien, formerlyh known as , operates , also knowbn as Mallinckrodt, which is locatefd in St. Louis and providee medical imaging technologyand pharmaceuticals. It was spun off from in 2007. With 2008 revenue of nearly $10 Covidien has 1,500 employees in St. more than 2,500 in Missouri and more than 41,0090 employees worldwide.