The Special Situation Report

The Special Situation Report

InsideArbitrage September 2026 Mid-Month Update – The Medtronic and MiniMed Split-off

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Asif
Sep 17, 2026
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MiniMed Group (MMED): $22.40

Market Cap: $6.29B

Enterprise Value: $6.03B

In a move reminiscent of the Austin Powers movie from 1999 that introduced the character Mini-Me, a sidekick of Dr. Evil, the medical devices giant Medtronic (MDT) decided to name its diabetes business spinoff MiniMed (MMED). Instead of a traditional spinoff where shareholders would r…

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