MiniMed Completes Separation from Medtronic
MiniMed today completed its separation from Medtronic, marking its first day as a fully independent company trading on Nasdaq under MMED. Medtronic accepted 55,032,401 of its ordinary shares in exchange for 252,813,348 MiniMed shares, leaving Medtronic with no remaining equity stake in MiniMed. The exchange offer was 5.4x oversubscribed.
Key figures
- Mdt shares tendered
- 55032401
- Minimed shares issued
- 252813348
- Exchange offer subscription
- 5.4x subscribed
AI analysis
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