Medtronic says inversion does not change tax rate 'much'

Medtronic (MDT) says its blended rate with Covidien (COV) would be "slightly" lower. Medtronic says that its proposed deal would give it more flexibility for its cash and that it will review its shareholder return options. Medtronic repeated its view that its proposed Covidien deal will add to its EPS. Comments from Medtronic CFO Gary Ellis speaking at the Wells Fargo Healthcare conference.