Medtronic has filed a correction to the prospectus for its ongoing exchange offer related to the separation of its MiniMed business. The filing clarifies a typographical error concerning the deadline for the guaranteed delivery procedures for shareholders participating in the offer.
Key Details
- The Offer: The exchange offer, which commenced on September 14, 2026, allows Medtronic shareholders to exchange their ordinary shares for up to 225,361,295 shares of MiniMed Group, Inc. common stock.
- The Correction: The expiration for the guaranteed delivery period has been corrected to 5:00 p.m. New York City time on the second NYSE trading day after the notice of guaranteed delivery is executed, revised from the previously stated 12:00 midnight.
- Oversubscription Term: If the offer is oversubscribed, Medtronic may accept additional tendered shares up to a maximum of 2% of its total outstanding ordinary shares.