Key Developments: 3M Co (MMM.N)

MMM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Shenzhen Comix Stationery Co Ltd Signs Exclusive Distribution Agreement with Subsidiary of 3M Co
Friday, 11 Oct 2013 08:00pm EDT 

Shenzhen Comix Stationery Co Ltd announced that it has signed an exclusive distribution agreement with China-based subsidiary of 3M Co and another international trading company, for purchase and sale of 3M products including print label, sealing tape, indication label, note paper, glue stick, double side tape, ergonomic product and scissor, with maturity date of December 31, 2015. The minimum purchasing value is RMB 43 million.  Full Article

3M Co Declares Quarterly Dividend
Tuesday, 13 Aug 2013 04:26pm EDT 

3M Co announced that it has declared a dividend on the Company`s common stock of $0.635 per share for the third quarter of 2013, payable September 12, 2013, to shareholders of record at the close of business on August 23, 2013.  Full Article

Adamis Pharmaceuticals Corp Signs Agreement To Acquire Dry Powder Inhaler Technology From 3M Co
Tuesday, 6 Aug 2013 09:30am EDT 

Adamis Pharmaceuticals Corp announced that it has entered into an agreement to exclusively license and, with additional payment, fully acquire 3M Co's Taper Dry Powder Inhaler (DPI) technology under development for the treatment of asthma and chronic obstructive pulmonary disease (COPD). As a part of the agreement, Adamis will obtain worldwide rights to use this platform technology in all indications in the dry powder inhalation field. The unique design uses proprietary 3M technology to store active pharmaceutical ingredient (API) on a microstructured carrier tape. 3M will supply the drug delivery tape for the platform to Adamis under a separate supply agreement.  Full Article

3M Co Reaffirms FY 2013 Guidance-Conference Call
Thursday, 25 Jul 2013 09:00am EDT 

3M Co announced that for fiscal 2013, it is maintaining its previous expected earnings range of $6.60 to $6.85 per share and organic local currency sales growth of 2% to 5%. The Company reported revenue of $29.787 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $6.71 for fiscal 2013.  Full Article

3M Co and CMO COMPLIANCE Announce Partnership On 3M Firestop Management System
Wednesday, 17 Jul 2013 10:49am EDT 

3M Co and CMO COMPLIANCE (CMO) have announced a new partnership in which CMO will provide the software platform for the 3M Firestop Management System. The arrangement will give users of the 3M Firestop Management System the benefits of CMO`s flexible, cloud-based mobile solution, with an intuitive interface and up-to-the-minute configuration.  Full Article

Bruker Corp And 3M Co Sign Exclusive Patent License Agreement
Tuesday, 4 Jun 2013 07:00am EDT 

Bruker Corp announced that it has signed an exclusive patent license agreement with 3M Co, which allows Bruker to include 3M patented innovations relating to matrix-assisted laser desorption ionization (MALDI) mass spectrometry imaging. The licensed 3M patents are directed to a technique for performing mass spectrometry analysis on proteins in tissue that has been preserved in paraffin. The technology enables researchers to more easily study formalin-fixed, paraffin-embedded (FFPE) tissue for life-science research and drug development.  Full Article

3M Co Declares Quarterly Dividend
Tuesday, 14 May 2013 05:18pm EDT 

3M Co announced that it has declared a dividend on the Company`s common stock of 63.5 cents per share for the second quarter of 2013, payable June 12, 2013, to shareholders of record at the close of business on May 24, 2013.  Full Article

3M Co Lowers FY 2013 EPS Guidance; Reaffirms FY 2013 Revenue Guidance
Thursday, 25 Apr 2013 07:30am EDT 

3M Co announced that for fiscal 2013, it expects earnings to be in the range of $6.60 to $6.85 per share versus a previous expected range of $6.70 to $6.95 per share and organic local-currency sales growth of 2% to 5%. The Company reported revenue of $29.787 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $31.45 billion and EPS of $6.82 for fiscal 2013.  Full Article

3M Co And Avery Dennison Corp. Conclude Patent Infringement And Related Lawsuits
Thursday, 28 Mar 2013 08:10pm EDT 

3M Co along with its wholly-owned subsidiary 3M Innovative Properties Co., announced that they have successfully concluded their lawsuits against Avery Dennison Corp. relating to retroreflective sheeting products used on traffic signs, pavement markings and other traffic control products. 3M’s patent infringement litigation against Avery has been resolved with the court entering a consent judgment in favor of 3M. Avery’s separate claims of patent infringement and antitrust violations against 3M have been dismissed by the court with prejudice.  Full Article

3M Co Increases Dividend 8% and Authorizes $7.5 Billion Share Repurchase Program
Tuesday, 5 Feb 2013 04:22pm EST 

3M Co announced that it has declared a dividend on the Company's common stock of 63.5 cents per share for the first quarter of 2013, an 8% increase over the quarterly dividend paid in 2012. The dividend is payable on March 12, 2013, to shareholders of record at the close of business on February 15, 2013. The board also authorized the repurchase of up to $7.5 billion of 3M's outstanding common stock, replacing the Company's existing repurchase program. The authorization has no pre-established closing date.  Full Article

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3M board opposes proposal for shareholder actions without vote

- Post-it notes maker 3M Co said its board opposed a proposal by shareholder James McRitchie to allow investors holding enough shares to take a particular action through written consent without putting it to a vote.

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