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3M To Plan $1 Billion Sale Of Drug Delivery Systems Unit-Bloomberg
3M Updates Board Structure; Forms Science, Technology & Sustainability Committee
3M Co - On Nov 15, Entered Into A $3 Bln, Amended And Restated Five-Year Revolving Credit Agreement
3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, appliance, paper and printing, packaging, food and beverage and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems. The Health Care segment serves markets that include medical clinics and hospitals, pharmaceuticals, health information systems and food manufacturing and testing. The Consumer segment serves markets that include consumer retail, office business to business, home improvement, drug and pharmacy retail, and other markets.
Constr. - Supplies & Fixtures
3M Center, Bldg. 220-13E-26A
Michael F. Roman
Chairman of the Board, Chief Executive Officer
Nicholas C. Gangestad
Chief Financial Officer, Senior Vice President
James L. Bauman
Executive Vice President, Industrial Business Group.
Julie L. Bushman
Executive Vice President - International Operations
Executive Vice President - Consumer Business Group
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The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
Industrial conglomerate 3M Co <MMM.N> is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported on Friday, citing people with knowledge of the matter.
Industrial conglomerate 3M Co is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported https://www.bloomberg.com/news/articles/2019-12-06/3m-is-said-to-plan-1-billion-sale-of-drug-delivery-systems-unit on Friday, citing...
3M Co <MMM.N> on Thursday became the latest U.S manufacturer to signal American corporations are suffering from the trade war with China, after it reported quarterly revenue well short of Wall Street estimates and cut its full-year profit forecast.
3M Co, the maker of Scotch tape and Post-it notes, reported a 2% fall in quarterly revenue and lowered its full-year earnings outlook, hurt by slowing demand for its products in key markets such as China.
Post-It maker 3M Co <MMM.N> said on Friday it was investigating potential violations of the U.S. Foreign Corrupt Practices Act or other anti-corruption laws related to certain business groups in China.
3M Co said on Friday it was investigating whether some expenses related to travel and marketing activities by some business groups based in China violated U.S. or other anti corruption laws.
3M Co's quarterly profit beat estimates on Thursday as the company's efforts to bolster its healthcare business helped it counter sluggish demand in its traditional industrial and transportation units due to a slowdown in China.
U.S. manufacturing conglomerate 3M Co on Thursday reported a 39.3% fall in quarterly profit, hurt by a global slowdown in economic growth.
3M Co said on Tuesday it would incur a pretax charge of about $160 million, or 27 cents per share, in the second quarter, as the company suspended local operations in Venezuela.
Glenview Capital Management CEO Larry Robbins said at the Sohn Investment Conference on Monday that he’s shorting shares of industrial conglomerate 3M Co and is positive on healthcare stocks like Cigna Corp, Humana Inc and UnitedHealth Group Inc.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
3M Co said on Thursday it would buy privately held medical device maker Acelity Inc in a deal valued at $6.7 billion, including debt, as the U.S. industrial conglomerate looks to expand its business in medical dressings and related products.
U.S. industrial conglomerate 3M Co said on Thursday it would buy privately held Acelity Inc, a medical technology company focused on advanced wound care, in a deal valued at $6.7 billion, including debt.
Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China.
* Futures: Dow off 0.24%, S&P up 0.13%, Nasdaq rises 0.39% (Changes comment, updates price)
Dow and S&P futures were pressured by a steep fall in industrial company 3M's shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures.
U.S. manufacturing conglomerate 3M Co on Thursday said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets.
3M Co said on Monday it would restructure its business into four operating units from five, as it looks to sharpen its focus on customers and boost growth.
3M Co said on Monday it would restructure its business to four units from five as it looks to increase customer focus and boost growth.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.