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Stock Market & Financial Investment News

News Breaks
July 9, 2013
14:01 EDTMMM3M Company and Reshine enter patent license agreement
3M and China-based Hunan Reshine New Material Company, Ltd have entered into a patent license agreement to expand the use of nickel, manganese and cobalt used in lithium ion batteries. These batteries provide energy to a host of diverse applications ranging from the consumer electronics market to the automotive market. Under the agreement, 3M grants Reshine a license to U.S. Patents 6,660,432, 6,964,828, 7,028,128, and 8,241,791 and all global equivalents including in Taiwan, Japan, China and Europe.
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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