Medtronic/MiniMed Split-Off Pricing Starts Monday With the 4.5939 Cap Binding
Medtronic’s ($MDT) split-off of MiniMed ($MMED) enters its three-day pricing period Monday, October 5, with an important constraint already in effect. The exchange offer is structured to give participating shareholders approximately $107.53 of MMED for each $100 of MDT accepted, but only when the maximum exchange ratio does not apply. That maximum is 4.5939 MMED shares for each… Read More »