A week ago, I received an exchange offer asking to trade shares of Medtronic for MiniMed (MMED) at a 7% discount.
Today, that offer expired but I received a request from my broker to enroll in their share lending program and lend out shares of Medtronic. To lend to short sellers, correct?
I know that MiniMed was spun off from Medtronic a few months ago. Other than that, can anyone tell me what is going on? I've never received either type of these offers for any stock in the past.