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Covidien Announces $300 Million Stock Buyback



Covidien Declares Quarterly Cash Dividend and Announces Stock Buyback
DUBLIN, Ireland--(BUSINESS WIRE)--Jan. 28, 2009--Covidien (NYSE: COV; BSX: COV) today  announced that its Board of Directors has authorized a program to purchase up to $300 million of the Company's common shares from time to time, based on market conditions, to partially offset dilution related to equity compensation plans.