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Stock Market & Financial Investment News

News Breaks
February 21, 2014
09:03 EDTMMM3M Company to acquire Treo Solutions, terms not disclosed
3M announced that it has entered into an agreement to acquire Treo Solutions, a provider of data analytics and business intelligence to healthcare payers and providers. Terms of the transaction were not disclosed. The transaction is expected to close in Q2, subject to customary closing conditions and regulatory approvals.
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.

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