Medtronic Announces Final Exchange Ratio of 4.5939 in Split-Off of MiniMed Group, Inc.
Key Highlights
- ➤Final exchange ratio set at 4.5939 MiniMed shares per Medtronic share
- ➤Medtronic offers to exchange up to 225,361,295 MiniMed shares
- ➤Oversubscription could trigger exchange of Medtronic's remaining 27,452,053 MiniMed shares
- ➤Exchange offer and withdrawal rights expire October 9, 2026
- ➤Proration may reduce Medtronic shares accepted from valid tenders
Medtronic Announces Final Exchange Ratio of 4.5939 in Split-Off of MiniMed Group, Inc. PR Newswire
GALWAY, Ireland, Oct. 7, 2026 /PRNewswire/ -- Medtronic plc (Medtronic; NYSE: MDT) today announced the final exchange ratio for its previously announced offer to exchange outstanding Medtronic ordinary shares for shares of common stock of MiniMed Group, Inc. (MiniMed; Nasdaq: MMED). Medtronic is offering to exchange up to 225,361,295 shares of MiniMed common stock for outstanding Medtronic ordinary shares in the exchange offer and, if the exchange offer is oversubscribed, Medtronic currently intends to exchange all of Medtronic's remaining interest in MiniMed (an additional 27,452,053 shares of MiniMed common stock), without extending the exchange offer period.
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