Medtronic exchange offer for MiniMed stake draws 298,024,452 shares tendered, faces proration

Bitget2026/10/12 12:45

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Medtronic will swap its remaining 252,813,348 MiniMed shares for 55,032,401 Medtronic ordinary shares tendered in an oversubscribed exchange offer.
Exchange ratio set at 4.5939 MiniMed common shares for each Medtronic ordinary share accepted.
About 298,024,452 Medtronic shares were tendered; estimated proration implies roughly 18.3% acceptance, excluding qualifying odd-lot holders.
Final proration factor is due Oct. 14, 2026; unaccepted Medtronic shares will be returned in book-entry form.
Medtronic expects to exit its MiniMed stake completely once the exchange offer is completed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medtronic plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610120845PR_NEWS_USPR_____CG69771) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Medtronic exchange offer for MiniMed stake draws 298,024,452 shares tendered, faces proration

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