Thursday, November 21, 2013

On This Date in Minnesota History: November 21

November 21, 1977Founded in 1949, Minneapolis-based “Medtronic was first incorporated April 23, 1957 and became a public company as the result of a convertible debenture offering. The first shares were issued under these debentures on December 17, 1959 to [the] company founders, Earl Bakken and Palmer Hermundslie. Medtronic shares were traded Over-the-Counter (OTC) until [they] were listed on the NASDAQ in 1964.

Medtronic began trading on the New York Stock Exchange on [this date] and continues to be traded on the NYSE under the ticker symbol MDT.”

Medtronics Headquarters in Minneapolis, Minn.

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