Medtronic to Exchange Remaining MiniMed Stake After Oversubscribed Offer

10:13 AM EDT, 10/14/2026 (MT Newswires) -- Medtronic (MDT) said Wednesday it will exchange its remaining 252.8 million MiniMed (MMED) shares for 55.03 million Medtronic ordinary shares following an oversubscribed exchange offer. Medtronic received 297.52 million validly tendered shares by the Oct. 9 deadline and will apply an 18.29% proration factor, exempting eligible holders who tendered fewer than 100 shares. Following completion of the exchange, Medtronic will no longer hold any MiniMed common shares, it added. Price: 92.48, Change: -0.53, Percent Change: -0.57