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Stock Market & Financial Investment News

News Breaks
March 21, 2013
06:13 EDTMMM3M Company initiated with a Neutral at Goldman
Target $115.
News For MMM 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 Düsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3M’s European Patent No. 1 154 969 B2 by using Zirkonzahn’s instructions for sintering of Zirkonzahn’s zirconia blocks. 3M’s 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.
June 22, 2015
14:31 EDTMMM3M files patent infringement suit in Korea against LMS Co. Ltd.
3M Innovative Properties Co. and 3M Korea Ltd. filed a patent infringement lawsuit on June 19 in the Seoul Central District Court against LMS Co. Ltd. The suit alleges that certain LMS Co. Ltd. light management film package products, including a light management film package product sold under the product name of “XLAS,” infringe 3M’s Korean Patent No. 1,074,570 titled "Method for Stacking Surface Structured Optical Films." 3M’s microreplicated stacked prism films, including 3M Advanced Structured Optical Composites (ASOC), are integrated into LCD displays. The prism films direct light to enable a thinner and more energy-efficient electronic display.
June 15, 2015
11:27 EDTMMM3M, Catheter Connections settle patent infringement litigation
3M and Catheter Connections announced that they have settled the patent infringement litigation in the United States District Courts of California and Utah and at the United States Patent and Trademark Office between 3M’s newly acquired Ivera Medical Corp. and Catheter Connections Inc. The settlement relates to disinfecting port protector intellectual property, including Catheter Connections’ DualCap System products and 3MCuros products and resolves all disputes between the two parties. The specific terms of the settlement are confidential. In a joint statement the two companies commented, “This agreement between 3M and Catheter Connections ends the legal disputes between our two companies and enables each company to direct its full energies toward further innovation and development in the market for products that disinfect and protect devices used for accessing the patient’s bloodstream.”
08:09 EDTMMM3M releases interactive 55-inch multi-touch system and display
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06:58 EDTMMMMulti Industry estimates lowered at Credit Suisse
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