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Medtronic makes $30mm equity investment in MiniMed
13 Jul 1999
Executive Summary
Investing $30mm, Medtronic will buy 500,000 shares of MiniMed, or 3.5% of its stock, at $60 each--(uf)$14mm now and an additional $16mm in the future. This price represents about a (pr)2% premium to MiniMed's 10-day average pre-announcement price.
Deal Industry
- Medical Devices
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Pharmaceuticals
- Drug Delivery
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Medical Devices
- Implantable Devices
- Infusion Therapy Equipment and Supplies
Deal Status
- Final
Deal Type
-
Alliance
- Includes Equity
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