BRIEF-Medtronic backs earnings forecast, targets tax savings

CHICAGO, June 16 Mon Jun 16, 2014 9:02am EDT

CHICAGO, June 16 (Reuters) - Medtronic Inc : * Confirms fiscal 2015 earnings forecast range of $4.00-$4.10 per share * Says expects 1-2 percentage point drop in its corporate tax rate due to

Covidien acquisition * Says tax savings projection is 1-2 percentage points below the two companies'

"blended" rate * Says can still consider other smaller acquisitions while integrating Covidien

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