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3M Co (MMM.N)

MMM.N on New York Stock Exchange

181.35USD
17 Jan 2020
Change (% chg)

$0.34 (+0.19%)
Prev Close
$181.01
Open
$181.00
Day's High
$182.14
Day's Low
$180.70
Volume
1,689,012
Avg. Vol
756,797
52-wk High
$219.74
52-wk Low
$150.60

Latest Key Developments (Source: Significant Developments)

Press Release - 3M To Divest Substantially All Of Its Drug Delivery Business To Altaris Capital Partners
Thursday, 12 Dec 2019 

Dec 12 (Reuters) - 3M Co ::PRESS RELEASE - 3M TO DIVEST SUBSTANTIALLY ALL OF ITS DRUG DELIVERY BUSINESS TO ALTARIS CAPITAL PARTNERS.3M CO - 3M WILL RECEIVE APPROXIMATELY $650 MILLION IN TOTAL CONSIDERATION, INCLUDING CASH.3M CO - BUSINESS THAT IS BEING DIVESTED HAS ANNUAL GLOBAL SALES OF APPROXIMATELY $380 MILLION..3M CO - 3M EXPECTS TO REALIZE A GAIN OF $0.45 TO $0.50 PER SHARE FROM TRANSACTION.3M CO - ABOUT 900 3M EMPLOYEES, WHO PRIMARILY SUPPORT DRUG DELIVERY BUSINESS, ARE EXPECTED TO JOIN NEW CO UPON COMPLETION OF SALE.3M CO - UPON COMPLETION OF TRANSACTION, 3M'S OWNERSHIP INTEREST IN DRUG DELIVERY BUSINESS WILL BE REPORTED USING EQUITY METHOD OF ACCOUNTING.3M CO - WILL RETAIN ITS TRANSDERMAL DRUG DELIVERY COMPONENTS BUSINESS.3M - AS PART OF TOTAL CONSIDERATION, 3M WILL ALSO RECEIVE INTEREST-BEARING SECURITY, 17% NONCONTROLLING INTEREST IN NEW COMPANY.  Full Article

3M To Plan $1 Billion Sale Of Drug Delivery Systems Unit-Bloomberg
Friday, 6 Dec 2019 

Dec 6 (Reuters) - :3M TO PLAN $1 BILLION SALE OF DRUG DELIVERY SYSTEMS UNIT-BLOOMBERG.  Full Article

3M Updates Board Structure; Forms Science, Technology & Sustainability Committee
Monday, 25 Nov 2019 

Nov 25 (Reuters) - 3M Co ::3M UPDATES BOARD STRUCTURE; FORMS SCIENCE, TECHNOLOGY & SUSTAINABILITY COMMITTEE.3M CO - ESTABLISHED NEW COMMITTEE TO PROVIDE OVERSIGHT OF CO'S STRATEGIES RELATED TO RESEARCH AND DEVELOPMENT.3M CO - IN ADDITION TO FORMING SCIENCE, TECHNOLOGY & SUSTAINABILITY COMMITTEE, BOARD HAS ENDED FINANCE COMMITTEE.3M CO - RESPONSIBILITIES OF FINANCE COMMITTEE WILL BE MANAGED BY AUDIT COMMITTEE & FULL BOARD.  Full Article

3M Co - On Nov 15, Entered Into A $3 Bln, Amended And Restated Five-Year Revolving Credit Agreement
Wednesday, 20 Nov 2019 

Nov 19 (Reuters) - 3M Co ::3M CO - ON NOV 15, ENTERED INTO A $3.0 BILLION, AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT.3M CO - ON NOV 15, COMPANY ALSO ENTERED INTO A $1.25 BILLION 364-DAY CREDIT AGREEMENT.  Full Article

Johnson Matthey Acquires Intellectual Property Rights To Portfolio Of Silicon Alloy Based Anode Materials From 3M Company
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Johnson Matthey PLC ::JOHNSON MATTHEY - ACQUIRED FULL INTELLECTUAL PROPERTY RIGHTS TO A PORTFOLIO OF SILICON ALLOY BASED ANODE MATERIALS FROM 3M COMPANY.  Full Article

3M Board Declares Quarterly Dividend
Wednesday, 13 Nov 2019 

Nov 12 (Reuters) - 3M Co ::3M BOARD DECLARES QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $1.44PER SHARE.  Full Article

3M And Sia Abrasives Industries AG Settle Patent Infringement Disputes
Monday, 11 Nov 2019 

Nov 11 (Reuters) - 3M Co ::3M AND SIA ABRASIVES INDUSTRIES AG SETTLE PATENT INFRINGEMENT DISPUTES.3M CO - TERMS OF THE SETTLEMENT ARE CONFIDENTIAL.3M CO - LAWSUITS CONCERNED 3M’S PATENTED TECHNOLOGY RELATING TO PRECISION SHAPED ABRASIVE GRAIN.  Full Article

Dozuki Says Has Collaborated With 3M, Through Investment By 3M Ventures
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - 3M Co ::DOZUKI - HAS COLLABORATED WITH 3M, THROUGH AN INVESTMENT BY 3M VENTURES.DOZUKI - TERMS OF TRANSACTION WERE NOT DISCLOSED.  Full Article

3M Sees FY 2019 GAAP Earnings Per Share $8.20 To $8.30
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - 3M Co ::3M REPORTS THIRD-QUARTER 2019 RESULTS.Q3 GAAP EARNINGS PER SHARE $2.72.Q3 SALES $8.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $8.16 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $2.49 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $8.99 TO $9.09 EXCLUDING ITEMS.SEES FY 2019 GAAP EARNINGS PER SHARE $8.20 TO $8.30.SEES Q4 2019 GAAP EARNINGS PER SHARE $2.05 TO $2.15.QTRLY ORGANIC LOCAL-CURRENCY SALES DECLINED 1.3 PERCENT YEAR-ON-YEAR.MACROECONOMIC ENVIRONMENT REMAINS CHALLENGING.CONTINUED TO EFFECTIVELY MANAGE COSTS AND REDUCE INVENTORY LEVELS.WHILE MACROECONOMIC ENVIRONMENT REMAINS CHALLENGING, WE EXECUTED WELL AND BUILT ON PROGRESS WE MADE IN Q2.FOREIGN CURRENCY TRANSLATION REDUCED SALES BY 1.3 PERCENT YEAR-ON-YEAR IN QUARTER.3M UPDATED ITS FULL-YEAR 2019 GAAP EARNINGS TO BE IN RANGE OF $8.20 TO $8.30 PER SHARE.3M ALSO UPDATED ITS FULL-YEAR ORGANIC LOCAL-CURRENCY SALES GUIDANCE TO DECLINE BETWEEN 1% TO 1.5%.QTRLY NET SALES FOR SAFETY AND INDUSTRIAL SEGMENT OF $2,849 MILLION VERSUS $3,021 MILLION.FOURTH-QUARTER 2019 GAAP EARNINGS GUIDANCE INCLUDES AN ESTIMATED $0.15 PER SHARE NEGATIVE IMPACT FROM RECENTLY CLOSED ACQUISITION OF ACELITY.FOURTH-QUARTER ORGANIC LOCAL-CURRENCY SALES IS EXPECTED TO DECLINE BETWEEN 1 TO 3 PERCENT.EXCLUDING FULL-YEAR 2019 IMPACTS CO NOW EXPECTS ITS 2019 EARNINGS TO BE IN RANGE OF $8.99 TO $9.09 PER SHARE.FY2019 EARNINGS PER SHARE VIEW $9.29 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE VIEW $2.41 -- REFINITIV IBES DATA.  Full Article

3M Co Files For Four-Part Notes Offering Size Not Disclosed
Monday, 19 Aug 2019 

Aug 19 (Reuters) - 3M Co ::3M CO FILES FOR FOUR-PART NOTES OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Deals of the day-Mergers and acquisitions

Dec 12 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: