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Stock impact report

MiniMed IPO Recasts Medtronic's Diabetes Business And Dividend Story [Yahoo! Finance]

MIDAS MEDICI GROUP (MMED) 
Company Research Source: Yahoo! Finance
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Medtronic (NYSE:MDT) has completed the initial public offering of its MiniMed Group on the Nasdaq. The newly independent MiniMed Group begins trading as one of the largest Medtech IPOs to date. The IPO was oversubscribed, indicating strong market interest in the separation. For Medtronic, which last closed at $90.9, the MiniMed IPO marks a major reshaping of how the business is organized. The company has mixed share price performance, with a 30.7% gain over 3 years alongside declines of 6.9% over the past week and 10.7% over the past month. That backdrop gives extra weight to any move that could influence how investors view NYSE:MDT as a core medical device holding. The separation sets up two focused companies, one centered on Medtronic's remaining portfolio and one on MiniMed's diabetes technologies. Inv Show less Read more
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