inelegantinvest
Oct 16, 12:50 PM
$MDT $MMED — MiniMed split-off final results:
• Qualifying 99-share odd lots: 100% accepted
• Ordinary tenders: 18.289133% proration
• Final exchange ratio: 4.5939 MMED per MDT
Our tracked 99-share paper trade received its full entitlement of 454.7961 MMED shares.
But at MMED's Oct. 15 close of
$18, the position was down 7.40%.
The odd-lot preference eliminated proration risk, not market risk.
Full postmortem and calculations:
https://www.inelegantinvestor.com/2026/10/16/minimed-odd-lot-final-results-2026-postmortem/
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