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Medtronic completes MiniMed separation after 5.4x-subscribed exchange offer
Filed with the SEC on · Summarized by InvestorsBot
Medtronic announced on October 15, 2026, that it completed the separation of MiniMed Group, Inc. (Nasdaq: MMED) after exchanging its remaining 252,813,348 MiniMed shares in an offer for Medtronic ordinary shares that was 5.4 times subscribed. The transaction leaves Medtronic focused on its Cardiovascular, Neuroscience and Surgical businesses, while MiniMed moves forward as an independent publicly traded company.