inelegantinvest
Sep 24, 10:06 AM
$MDT $MMED
Medtronic’s MiniMed exchange offer includes an odd-lot exemption: holders of fewer than 100 MDT shares who tender ALL their shares are exempt from proration.
The offer targets about
$107.53 of MMED for each
$100 of MDT, but the 4.5939-share cap can reduce that spread.
At Sep. 23 prices, our 99-share paper trade implies roughly a 5.7% gross spread if the cap binds.
Full mechanics + risks:
https://www.inelegantinvestor.com/2026/09/24/medtronic-minimed-odd-lot-exchange-offer/
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