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DewDiligence

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DewDiligence

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Re: DewDiligence post# 18435

Friday, 05/03/2019 11:06:23 AM

Friday, May 03, 2019 11:06:23 AM

Post# of 29295
3M acquires private wound-care company, Acelity, for $6.7B*—the largest acquisition in 3M’s history:

https://finance.yahoo.com/news/3m-acquire-acelity-inc-103000219.html

https://www.wsj.com/articles/3m-to-buy-acelity-for-enterprise-value-of-6-7-billion-11556795031

https://finance.yahoo.com/news/3m-biggest-deal-ever-could-163110873.html

The Bloomberg piece (bottom link above), which I’m inclined to agree with, is bearish on the deal for reasons that are mostly inferential.

The acquisition will add $0.25/sh to non-GAAP EPS during first 12 months following closing (but will reduce GAAP EPS, of course).

This news was announced yesterday (Thursday).

*Including assumption of debt.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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