Goldman Sachs & Co. LLC

Medtronic Sets 4.5939 Final Exchange Ratio for MiniMed Spin-Off

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Medtronic Sets 4.5939 Final Exchange Ratio for MiniMed Spin-Off

Galway – October 07, 2026 -- Medtronic plc has fixed the final exchange ratio for its split-off of MiniMed Group, Inc. at 4.5939 shares of MiniMed common stock for every Medtronic ordinary share tendered and accepted.

Medtronic caps the swap at the upper limit after shares priced above range

The company said the calculated per-share values of both Medtronic ordinary shares and MiniMed common stock, determined under the method set out in MiniMed's SEC-filed Prospectus, would have produced a ratio exceeding the deal's upper limit of 4.5939. Medtronic therefore locked the ratio at that ceiling, the maximum allowed under the offer's terms.

Axon Prices $1 Billion Zero-Coupon Convertible Notes Due 2031

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Axon Prices $1 Billion Zero-Coupon Convertible Notes Due 2031

Scottsdale, Ariz. – September 18, 2026 -- Axon Enterprise Inc. (Nasdaq: AXON) has priced $1.0 billion in aggregate principal amount of 0% convertible senior notes due 2031, with underwriters holding an option to purchase up to an additional $150.0 million to cover over-allotments.

Axon expects to net $986.0 million from the offering, or $1,134.3 million if the over-allotment is fully exercised

The sale to underwriters is expected to settle on September 18, 2026, subject to customary closing conditions. The public safety technology maker will direct $99.9 million of net proceeds, or $114.9 million with the over-allotment, toward capped call transactions, with the remainder earmarked for general corporate purposes including potential acquisitions of, or investments in, other businesses.

Corvex to Boost AI Data Center Capacity 5x on $33M Raise

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Corvex to Boost AI Data Center Capacity 5x on $33M Raise

ARLINGTON, VA. -- September 01, 2026 -- Corvex, Inc. (Nasdaq: MOVE) said it will lift critical IT power capacity fivefold, from roughly 1.5 megawatts to approximately 8 megawatts by year-end 2026, backed by a $33 million private placement led by Goldman Sachs & Co. LLC, Morgan Stanley and Oppenheimer & Co. The Arlington, Virginia-based AI infrastructure provider is doubling its existing Mid-Atlantic data center and standing up a second facility in the Midwest, with both sites expected ready for service in the fourth quarter of 2026. A right of first refusal on 12.5 additional megawatts at the Midwest site could push total capacity past 20 megawatts, a 13-fold jump from current levels.