Medtronic completes exchange offer, exits MiniMed stake
MDT•Medtronic exchanged its remaining 252,813,348 MiniMed shares for 55,032,401 Medtronic ordinary shares and will hold no MiniMed common stock after settlement. The oversubscribed offer had a final proration factor of 18.29%.
1. Exchange offer completed
Medtronic completed the exchange offer, swapping its remaining 252,813,348 MiniMed shares for 55,032,401 Medtronic ordinary shares. The offer was oversubscribed, and most tenders were accepted pro rata with a final proration factor of 18.29%.
2. Final results
Holders who tendered all of fewer than 100 Medtronic ordinary shares were exempt from proration. The exchange and withdrawal period ended Oct. 9, 2026, and final results were released Oct. 14. Medtronic will hold no MiniMed common stock following settlement.
