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News 2026-10-12 16:16 UTC

BUZZ — Medtronic climbs on oversubscribed MiniMed share swap

* Shares of medical device maker Medtronic rise 2.8% to $90 * MDT says its previously announced offer to exchange MiniMed shares of MDT shares was oversubscribed * Following the exchange offer, MDT will no longer own any outstanding MiniMed shares * MDT first announced its intent to spin off its diabetes business, whic