MDT · News · 20261008N

MiniMed Separation

Medtronic plc · 2026-10-08 · Importance 61 · Surprise 60 · In source text

Medtronic set a final exchange ratio of 4.5939 MiniMed shares for each Medtronic ordinary share in its MiniMed Group split-off. The offer covers up to 225,361,295 newly issued MiniMed shares, representing approximately 80.1% of MiniMed’s outstanding shares. Exchange and withdrawal rights expire at midnight New York City time on October 9, 2026. The offer may be prorated if oversubscribed, and Medtronic may accept additional shares subject to specified conditions.

Key facts

• The final exchange ratio for the MiniMed Group split-off is 4.5939 MiniMed shares for each Medtronic ordinary share. source
• Medtronic set the final exchange ratio at 4.5939 MiniMed shares per Medtronic ordinary share with up to 225,361,295 MiniMed shares on offer. source
• The offer for the exchange and withdrawal rights is set to expire at midnight New York City time on October 9, 2026. source
• Medtronic stated the offer may be subject to proration if oversubscribed and that it may accept an additional number of shares under certain conditions. source
• Following the announcement, Medtronic stock was trading pre-market at EUR 76.26, a decrease of 0.18 percent compared to its previous close. source

Impact estimates