Medtronic exchange offer for MiniMed stake draws 298,024,452 shares tendered, faces proration
Bitget2026/10/12 12:45- 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: 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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