Medtronic Sets Final Exchange Ratio for MiniMed Split-Off at 4.5939

Key Facts

1Medtronic announced a final exchange ratio of 4.5939 shares of MiniMed common stock for each Medtronic ordinary share.

2Medtronic is offering to exchange up to 225,361,295 MiniMed shares, with intent to include an additional 27.45 million shares if oversubscribed.

Medtronic announced a final exchange ratio of 4.5939 shares of MiniMed common stock for each Medtronic ordinary share. According to a statement carried by PR Newswire, the company is offering to exchange up to 225.36 million MiniMed shares, with the intent to include an additional 27.45 million shares if the offer is oversubscribed.

The announcement marks the final pricing step in the separation process to establish MiniMed as an independent entity. Medtronic (MDT) shares closed at $87.09 on October 6, 2026, while MiniMed (MMED) shares closed at $19.64 on the same date.