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But over the past three years, 3M's stock declined about 12% as the S&P 500 rose 25%. It struggled with sluggish sales and faced grueling recalls and lawsuits. ... which is now known as Solventum ...
[5] 3M itself sold its food safety business to Neogen in September 2022. [2] On January 24, 2023, the health care business was registered as a corporation in Delaware under the provisional name "3M Health Care Co.". [7] On November 16, 2023, 3M unveiled that the new company would be called Solventum, a portmanteau of the words "solving" and ...
With Solventum gone, Brown wants to adjust the R&D budget over time to drive NPIs, and the dividend cut initiated this year will enable him to do that. ... Before you buy stock in 3M, consider ...
Is 3M Stock a Buy Before February 26? Lee Samaha, The Motley Fool. January 19, 2025 at 7:05 AM. ... Roman also oversaw the spinoff of the healthcare business Solventum.
In addition, the Solventum spinoff will result in $7.7 billion in cash to 3M, while it retains a 19.9% stake in the healthcare company, which can be sold to raise cash. The dividend cut further ...
3M (NYSE: MMM) is off to a spectacular start to 2025, with its shares climbing 18% in January following its fourth-quarter earnings report that exceeded Wall Street estimates. The industrial giant ...
In addition, 3M spun off its healthcare business, Solventum-- a move that will result in about $7.7 billion in cash payments to 3M. The company also retains a 19.9% stake in Solventum (currently ...
New York-based Trian Partners, a high-profile hedge fund and multi-billion dollar investment management firm, is buying up shares in Minnesota's Solventum, the spinoff of 3M's health care business ...