Medtronic Announces Preliminary Results of MiniMed Group, Inc. Exchange Offer
Medtronic announced preliminary results of its split-off exchange offer for MiniMed Group: the offer was oversubscribed and Medtronic will exchange all 252,813,348 remaining MiniMed shares. Holders will receive 4.5939 MiniMed shares per Medtronic share accepted, with an estimated 18.3% of tendered shares exchanged on a pro rata basis; approximately 298 million Medtronic shares were validly tendered and 55,032,401 will be accepted.
Key figures
- Odd lot tendered
- 757890
- Mdt shares accepted
- 55032401
- Minimed shares exchanged
- 252813348
- Estimated proration factor
- 18.3%
- Mdt shares validly tendered
- 298024452
- Guaranteed delivery tendered
- 93311404
- Exchange ratio minimed per mdt
- 4.5939
- Final proration announcement date
- October 14, 2026
AI analysis
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