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Stock Market & Financial Investment News

News Breaks
November 16, 2012
08:52 EDTCRDN, MMM3M Company receives final antitrust clearance regarding Ceradyne acquisition
3M (MMM) announced that on November 15, it received clearance from the Austrian Federal Competition Authority with respect to its previously announced tender offer for all issued and outstanding shares of common stock of Ceradyne (CRDN) at a price of $35.00 per share. The U.S. Federal Trade Commission previously granted early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, on October 15, and 3M received clearance from the German Federal Cartel Office on October 30. With the receipt of the above clearances, the condition of the Offer with respect to clearance under applicable antitrust and competition laws has been completely satisfied. The Offer remains subject to the satisfaction of certain other conditions. The Offer is scheduled to expire at 5:00 P.M. on Tuesday, November 27, unless the Offer is extended.
News For MMM;CRDN From The Last 14 Days
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June 25, 2015
17:00 EDTMMM3M files patent infringement lawsuit in Germany for dental ceramic technology
3M has filed a patent infringement lawsuit in DŁsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3Mís European Patent No. 1 154 969 B2 by using Zirkonzahnís instructions for sintering of Zirkonzahnís zirconia blocks. 3Mís patented technology enables dimensionally precise sintering of dental ceramics.
June 23, 2015
09:03 EDTMMM3M to buy Capital Safety from KKR in deal valued at $2.5B
3M (MMM) announced it has entered into a definitive agreement to acquire Capital Safety from KKR (KKR) for a total enterprise value of $2.5B, including the assumption of approximately $700M of debt, net of cash acquired. The business employs approximately 1,500 people worldwide and is headquartered in Bloomington, Minnesota. On a GAAP reported basis, 3M estimates the acquisition to be 4c dilutive to earnings in the first 12 months following completion of the transaction. Excluding purchase accounting adjustments and anticipated one-time expenses related to the transaction and integration, 3M estimates the acquisition to be 12c accretive to earnings over the same period. The transaction is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals. 3M will finance the transaction with existing cash, a portion of which will come from outside the U.S.

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