MDT · News · 20261011N

MiniMed Separation

Medtronic plc · 2026-10-11 · Importance 40 · Surprise 42 · In source text

Medtronic retained approximately 90% of MiniMed Group after MiniMed’s March initial public offering. Medtronic subsequently launched an exchange offer to complete the separation of MiniMed. The transaction changes Medtronic’s ownership structure for its diabetes business but does not provide a reported transaction value in the digest.

Key facts

• Medtronic plc subsequently launched an exchange offer to complete the separation of MiniMed. source
• Medtronic plc retained approximately 90% of MiniMed after its March initial public offering. source
• The broader market has gained 17% in the past 12 months (compared with Medtronic's decline). source
• Medtronic plc stock has declined by over 7% in the past 12 months. source
• Medtronic plc is listed as NYSE:MDT in the digest. source
• Truist maintains a Hold rating on Medtronic (MDT). source
• On October 7, Jim Cramer said, "Oh, Medtronic got rid of it, and I don't want anything to do with it." source

Impact estimates