3 Things You Need to Know about Medtronic's Purchase of Covidien

Covidien  (NYSE: COV  ) shares are up more than 20% today on stellar news that dividend aristocrat Medtronic  (NYSE: MDT  ) is moving in to acquire the medical device maker for $42.9 billion. Inevitably, there is a lot of information in the press release -- so let's condense it down to three quick things you need to know.

In the video below, health care analyst Michael Douglass lays out the three quick facts about the proposed Covidien-Medtronic deal that immediately piqued his interest, and why the price looks like an exciting deal for Covidien shareholders.

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