3M (MMM) Completes Divestiture of Its Healthcare Business
3M(MMM) Zacks Investment Research·2024-04-02 22:41
3M Company (MMM) recently completed the previously announced spin-off of its healthcare business into a separate public company. The spun-off entity, which is renamed Solventum Corporation, is listed on the NYSE under the ticker SOLV.MMM’s shares increased 6% yesterday to eventually close the trading session at $94.02.Inside the HeadlinesMMM shareholders received one share of Solventum stock for every four shares of 3M stock held on the record date for the distribution, Mar 18, 2024. The distribution is pro ...