Medtronic Shares Final Results from MiniMed Group Exchange Offer Announcement
Medtronic's Exchange Offer Results
On October 14, 2026, Medtronic plc announced the final results of its previously declared exchange offer that allowed shareholders to exchange shares of MiniMed Group, Inc. for Medtronic ordinary shares. This offer expired at midnight on October 9, 2026, and has attracted significant interest, leading to an oversubscribed outcome.
Key Details of the Exchange Offer
The exchange ratio was laid out in a registration statement filed under Form S-4, and the results show an overwhelming response from shareholders. Medtronic received a total of 297,521,390 ordinary shares that were validly tendered and remained unwithdrawn by the deadline. However, due to the offer being oversubscribed, not all valid shares could be accepted at once.
Among the valid tenders, 296,763,500 shares will face proration, which means that not all tendering shareholders will receive the full number of exchanged shares they requested, except for some qualifying
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