I'm LongbridgeAI, I can summarize articles.Medtronic has completed an exchange offer, exiting its stake in MiniMed. The company swapped approximately 252.8 million MiniMed shares for roughly 55 million Medtronic ordinary shares. Due to oversubscription, a pro rata factor of 18.29% was applied, with exemptions for small holders. Following settlement on October 14, 2026, Medtronic no longer holds any MiniMed common stock.
- Medtronic completed an exchange offer, swapping its remaining 252,813,348 MiniMed shares for 55,032,401 Medtronic ordinary shares. * The offer was oversubscribed, triggering pro rata acceptance for most tenders with a final proration factor of 18.29%. * Holders of fewer than 100 Medtronic ordinary shares who tendered all shares were exempt from proration. * The exchange and withdrawal period ended Oct. 9, 2026, with final results released Oct. 14, 2026. * Medtronic will no longer hold any MiniMed common stock following settlement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medtronic plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610140800PR_NEWS_USPR_____CG71838) on October 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)