Medtronic Unit Files for IPO

MT Newswires Live12-20

Medtronic (MDT) said late Friday its diabetes business MiniMed filed a registration statement for an initial public offering of common shares.

MiniMed plans to list its common stock on the Nasdaq Global Select Market under "MMED" ticker, according to a statement.

The number of shares to be offered and the price range haven't been determined, the company said.

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