REUTERS - Medical-device maker Medtronic Inc
The deal, which would allow Medtronic to be domiciled in Ireland where Covidien is based and thus take advantage of lower tax rates, could come as soon as Monday, the person said, asking not to be named because the matter is not public.
The Wall Street Journal first reported the talks.
Minneapolis-based Medtronic, which makes cardiovascular and orthopedic devices, has a market value of about $61 billion. Covidien, which makes devices used in surgery, is valued at about $32 billion.
(Reporting by Soyoung Kim in New York; Editing by Eric Beech)