Given Imaging Moving Higher on News that it Would be Acquired by Covidien for $30 per Share

Covidien plc (NYSE: COV ) and Given Imaging (Nasdaq: GIVN ) today announced a definitive agreement under which Covidien will acquire all of the outstanding shares of Given Imaging for $30.00 per share in cash, for a total of approximately $860 million, net of cash and investments acquired.