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DewDiligence

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DewDiligence

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Tuesday, 07/26/2022 7:00:33 AM

Tuesday, July 26, 2022 7:00:33 AM

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3M to spin-off healthcare business to 3M shareholders in late 2023:

https://investors.3m.com/news/news-details/2022/3M-Announces-Plans-to-Create-Long-Term-Value-Through-Spin-Off-of-Health-Care-Business/default.aspx

The spin-off will be tax-free for US shareholders. 3M will initially retain a 19.9% equity stake in the yet-unnamed healthcare company.

Note: The planned split-off/merger of 3M’s food-safety business with NEOG remains on track for a 2022 closing.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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