3M Company
3M Completes Separation of Health Care Business into Solventum
Summary
On April 1, 2024, 3M Company completed the separation of its health care business, distributing 80.1% of Solventum Corporation shares to 3M stockholders. Solventum became an independent public company listed under the symbol 'SOLV' on the New York Stock Exchange. 3M retained a 19.9% ownership interest in Solventum. The separation is reflected in 3M's unaudited pro forma condensed consolidated financial statements, which are furnished as Exhibit 99.1.
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Exhibits (1)
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About 3M Company
3M Company, often recognized for its innovative approach, is a diversified technology corporation that caters to various consumer and industrial needs across the globe. With a robust presence in multiple sectors, 3M's primary function is the development, manufacturing, and marketing of a wide array of products essential in industries such as safety and industrial, transportation and electronics, health care, and consumer goods. The company is particularly noted for products like adhesives, abrasives, personal protective equipment, medical devices, and consumer goods like Post-it Notes and Scotch Tape. As a significant player in the industrial sector, 3M impacts daily lives by enhancing the comfort and efficiency of households and workplaces. Headquartered in St. Paul, Minnesota, and founded in 1902, 3M’s commitment to innovation and research and development continues to strengthen its position in global markets, influencing everyday products and solutions.
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