New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2014
10:03 EDTMMM3M Petrifilm Rapid Yeast and Mold Plate receives AOAC-PTM approval
3M Food Safety announced today that its new 3M Petrifilm Rapid Yeast and Mold Count Plate has received certification from the AOAC Research Instituteís Performance Tested Methods, or PTM, Program. The 3M Petrifilm Rapid Yeast and Mold Plate was first introduced in September 2013 as an indicator test that enables the detection of yeasts and molds in as little as 48 hours, faster than conventional agar methods. The AOAC-PTM certification validates 3Mís innovative test as equivalent to or better than standard reference methods for enumerating yeast and mold within food products including yogurt, sour cream, almonds, sliced apples, frozen bread dough, ready-made pie, sandwiches, dehydrated soup, fermented salami, and frozen ground beef patties. The AOAC Research Institute bases certification of methods on independent study results demonstrating that a given method meets the claims expressed in package inserts. Specific studies performed as part of this certification involved robustness, inclusivity/exclusivity, and lot-to-lot/stability as well as comparison tests with FDA BAM and ISO reference methods.
News For MMM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use