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Stock Market & Financial Investment News

News Breaks
December 12, 2012
09:56 EDTMMM3M Company says sees 27% tax rate by 2017
News For MMM From The Last 14 Days
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August 31, 2014
21:02 EDTMMM3M completes acquisition of Sumitomo Electric Industries interest in Sumitomo 3M
3M announced that it has completed its acquisition, through Sumitomo 3M, of Sumitomo Electric Industriesí 25% interest in Sumitomo 3M for 90B Japanese Yen, approximately $865M at current exchange rates. 3M is now the sole owner and the business will be known as 3M Japan. Sumitomo 3M was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries and NEC. In 2003, 3M acquired NECís 25% stake, which increased 3Mís interest to 75%. On a GAAP-reported basis, 3M estimates the acquisition will add approximately 8c per share to earnings during the first 12 months following closing.

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