Medtronic sets final 4.5939‑to‑1 exchange ratio for MiniMed split‑off
Medtronic announced that each of its ordinary shares tendered in the split‑off offer will be exchanged for 4.5939 shares of MiniMed Group. The company will offer up to 225,361,295 MiniMed shares and may add another 27,452,053 shares if the offer is oversubscribed. The exchange offer expires at midnight New York time on October 9, 2026. Goldman Sachs & Co. LLC and BofA Securities are the dealer managers.
Why it matters
The ratio determines how many MiniMed shares shareholders will receive, affecting the ownership structure of both companies. The offer’s expiry on October 9, 2026 means shareholders must decide by that date, and the transaction is expected to be tax‑free for U.S. shareholders.
Key facts
- 1Final exchange ratio is 4.5939 MiniMed shares per Medtronic ordinary share. news.medtronic.com
- 2Medtronic will exchange up to 225,361,295 MiniMed shares. news.medtronic.com
- 3If oversubscribed, Medtronic may exchange an additional 27,452,053 MiniMed shares. news.medtronic.com
- 4Medtronic would accept approximately 55,032,401 Medtronic shares if oversubscribed, or about 49,056,639 if not. news.medtronic.com
- 5Exchange offer expires at 12:00 midnight New York City time on October 9, 2026. news.medtronic.com
- 6Goldman Sachs & Co. LLC and BofA Securities, Inc. are the dealer managers. news.medtronic.com
Summary written by AlphAI from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.