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Stock Market & Financial Investment News

News Breaks
April 11, 2013
14:01 EDTMMM3M Company names Eric Quint as Chief Design Officer
3M announced that Eric Quint has joined the company as Chief Design Officer, effective April 1. He joins 3M with more than 20 years of extensive global experience and a distinguished design career at Royal Philips Electronics. Quint's most recent position was global head of Design Management and Consulting, vice president, Philips Design. He has held several senior-level design positions and directed award-winning global design teams across business-to-business and business-to-consumer industries including partnerships, alliances and brand licensing activities.
News For MMM From The Last 14 Days
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March 3, 2015
07:18 EDTMMMJPMorgan to hold a conference
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February 23, 2015
14:44 EDTMMM3M confirms agreement to acquire Polyporeís Separations Media business for $1B
3M (MMM) announced that it has entered into a definitive agreement with Polypore International (PPO) to acquire the assets and liabilities associated with Polyporeís Separations Media business for a total purchase price of $1B. Polyporeís Separations Media business is a leading provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with trailing 12-month sales of $210M as of Sept. 27, 2014. Separately, Asahi Kasei has announced that it has entered into a definitive merger agreement to acquire Polyporeís Energy Storage business. Both transactions are subject to regulatory approvals and customary closing conditions. In addition, both transactions are conditioned on 3Mís transaction with Polypore closing immediately prior to the closing of Asahi Kaseiís transaction with Polypore.
12:21 EDTMMMOn The Fly: Midday Wrap
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05:34 EDTMMM3M expects acquisition of Polypore business to be dilutive to earnings
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05:31 EDTMMM3M acquires Polypore's Separatoins Media Segment for $1B
As an integrated step in Polypore's (PPO) sale to Asahi Kasei for $60.50, immediately prior the transaction, 3M (MMM) will acquire the assets of Polypore's Separations Media segment for approximately $1band Asahi Kasei will receive the cash proceeds from the asset sale. The definitive agreements require that the sale of the Polypore and the integrated sale of the Separations Media segment close after closing conditions for both transactions have been satisfied and that the closings of the transactions are conditioned upon one another.
05:29 EDTMMMPolypore agrees to sell company for $60.50 per share
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