Medtronic announced a final exchange ratio of 4.5939 MiniMed shares for each Medtronic ordinary share in its offer to exchange shares. The offer includes up to 225 million MiniMed shares and may extend to an additional 27 million shares if oversubscribed. The exchange offer expires on October 9, 2026, and will be prorated if oversubscribed. This move is part of Medtronic's plan to separate MiniMed as an independent company, aiming to unlock value and focus on its core healthcare technology business.
Medtronic shares are trading at USD 85.74 on Pluang as of October 8, 2026, showing a 1.55% decline in the past day. The company's market capitalization stands at $111.40 billion, reflecting its significant presence in the healthcare sector. This price movement occurs while Medtronic proceeds with its MiniMed split-off plan, which may influence investor interest.
In 2026, both Medtronic and Abbott stocks have declined, altering their dividend yields and valuations. Medtronic now offers a higher dividend yield of 3.3% versus Abbott's 2.56%, making it more attractive for retirees needing income. Abbott, however...
Medtronic has maintained a 49-year streak of raising dividends, despite its stock losing 20% over five years. Recently, the company reported faster growth driven by its cardiac ablation business, which grew 88% globally and 139% in the U.S., signalin...
