Mergers & Acquisitions ·
Medtric commences exchange offer for up to 225M newly issued shares of MiniMed Group
MDTMedtronic plc
Medtronic plc commenced an exchange offer for up to 225,361,295 newly issued shares of MiniMed Group, Inc. common stock in exchange for outstanding Medtronic ordinary shares. The filing corrects a typographical error in the prospectus regarding guaranteed delivery procedures, clarifying that notices expire at 5:00 p.m., New York City time, on the second NYSE trading day after execution rather than midnight. This corporate restructuring separates MiniMed from Medtronic's main entity. Medtronic plc operates in the medical technology industry, designing and manufacturing medical devices.