The Zhitong Finance App learned that medical technology giant Medtronic (MDT.US) announced the launch of a share exchange offer and plans to complete a further spin-off of its former diabetes business MiniMed Group (MMED.US) by exchanging shares with existing shareholders. According to the plan, Medtronic will divest at least 80.1% of its MiniMed shares, thereby further reducing its shareholding ratio in the listed company.

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