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Medtronic, Inc. (NYSE:MDT) has announced a public offering of its senior notes. The offering includes $1.25 billion of the company’s 3.0% Senior Notes due 2015, $1.25 billion of its 4.45% Senior Notes due 2020, and $500 million of its 5.55% Senior Notes due 2040. The net proceeds from the offering will be used for working capital and general corporate purposes, including the repayment of its indebtedness. The Notes being offered are senior unsecured and unsubordinated obligations of the company. They will rank equally with the company’s existing and future senior unsecured debt and senior to the company’s subordinated debt.

Medtronic, Inc. (Medtronic) is a global player in medical technology. The Company operates in seven segments that manufacture and sell device-based medical therapies: Cardiac Rhythm Disease Management, Spinal, CardioVascular, Neuromodulation, Diabetes, Surgical Technologies and Physio-Control. Through these seven segments, the Company develops, manufactures and markets its medical devices in more than 120 countries. Its primary products include those for cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose and throat conditions. The primary markets for products are the United States, Western Europe and Japan. In July 2008, it acquired Restore Medical, Inc. In November 2008, Medtronic acquired CryoCath Technologies Inc. In February 2009, it acquired Ablation Frontiers, Inc. and Ventor Technologies Ltd. In April 2009, Medtronic acquired CoreValve, Inc.

Thresher Industries Inc.

Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.