Medtronic Announces Final Results of MiniMed Group, Inc. Exchange Offer
PR Newswire•14/10/2026•08:00 ET
0
Key Highlights
- ➤Medtronic will exchange all remaining 252,813,348 MiniMed shares.
- ➤Medtronic will issue 55,032,401 ordinary shares in the exchange.
- ➤Exchange offer was oversubscribed, with an 18.289133% final proration factor.
- ➤Medtronic will retain no outstanding MiniMed shares after completion.
- ➤297,521,390 Medtronic shares were validly tendered and not withdrawn.
Medtronic Announces Final Results of MiniMed Group, Inc. Exchange Offer PR Newswire
GALWAY, Ireland, Oct. 14, 2026 /PRNewswire/ -- Medtronic plc (Medtronic; NYSE: MDT) today announced the final results of its previously announced offer to exchange shares of common stock of MiniMed Group, Inc. (MiniMed; Nasdaq: MMED) for outstanding Medtronic ordinary shares at an exchange ratio determined by a formula described in a registration statement filed by MiniMed on Form S-4 (Reg No. 333-298914). The exchange offer and withdrawal rights expired at 12:00 midnight, New York City time, at the end of the day on October 9, 2026.
Get started
Create a free account to read the full story.