Key Developments: 3M Co (MMM)

MMM on New York Consolidated

165.16USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

3M Co increases dividend by 20 pct
Tuesday, 16 Dec 2014 06:01am EST 

3M Co:Declares dividend on the company's common stock of $1.025 per share for the first quarter of 2015, a 20 pct increase over the quarterly dividend paid in 2014.Payable on Mar. 12, 2015.Says to shareholders of record at the close of business on Feb. 13, 2015.  Full Article

3M Co gives FY 2015 EPS outlook in line with analysts' estimates
Tuesday, 16 Dec 2014 06:00am EST 

3M Co:Anticipates FY 2015 earnings per share to be in the range of $8.00 to $8.30 with organic local currency sales growth of 3 to 6 pct.FY 2015 EPS of $8.20 - Thomson Reuters I/B/E/S.  Full Article

3M to sell static control business to Desco Industries, Inc
Monday, 15 Dec 2014 08:30am EST 

3M Co:Signs an agreement with Desco Industries, Inc. (Desco) for Desco to purchase assets of 3M's global Static Control business.3M's Static Control business is provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge (ESD) events.The transaction is expected to close during the first quarter of 2015 after successful completion of Desco's financing and is subject to customary closing conditions.Terms of the transaction were not disclosed.  Full Article

3M Co and Whitepeaks Dental Solutions settle dental ceramics coloring patent suit
Wednesday, 10 Dec 2014 09:00am EST 

3M Co:Settled a patent infringement lawsuit in Germany involving technology that enables the coloring of ceramic-based dental restorations.As a result of the settlement, Whitepeaks Dental Solutions will license this patented technology from 3M.  Full Article

3M board declares quarterly dividend
Tuesday, 11 Nov 2014 05:00pm EST 

3M:Declares a dividend on the company's common stock of 85.5 cents per share for the fourth quarter of 2014.Payable Dec. 12 to shareholders of record on Nov. 21.  Full Article

Kollakorn Corporation Ltd signs royalty agreement with 3M Corp as precursor to signing co-operative marketing agreement
Monday, 27 Oct 2014 08:55pm EDT 

Kollakorn Corporation Ltd:Signs new royalty agreement with 3M and are completing terms of co- operative marketing agreement which will provide KKL with access to 3M's global subsidiary network across world, for marketing Kollakorn's break on removal (BOR) technology.3M and KKL have worked together and have now entered into new non-exclusive worldwide royalty agreement for use of the KKL's BOR technology.This new royalty agreement has benefits for both parties.New royalty agreement will give KKL benefit of 3M's worldwide sales and marketing network through it's global network of subsidiary companies in order to expand the use of automated vehicle identification (AVI) solutions using BOR.Kollakorn and 3M have been working together to provide solutions for department of land transport (DLT) in Thailand for electronic vehicle registration (EVR) and AVI.  Full Article

3M Co narrows FY 2014 guidance to a range in line with analysts' estimates
Thursday, 23 Oct 2014 07:33am EDT 

3M Co:Now expects FY 2014 earnings in the range of $7.40 to $7.50 per share versus a prior expectation of $7.30 to $7.55.FY 2014 EPS of $7.46 - Thomson Reuters I/B/E/S.  Full Article

Artificial Life Inc buys back shares from 3M Co
Monday, 8 Sep 2014 08:00am EDT 

Artificial Life Inc:Says it has bought back about 6.4 mln shares from 3M Company, its former investor.The terms and conditions of the transaction are confidential.  Full Article

3M Co completes acquisition of Sumitomo Electric Industries Ltd.'s interest in Sumitomo 3M
Sunday, 31 Aug 2014 08:26pm EDT 

3M Co:Says that it has completed its acquisition, through Sumitomo 3M Ltd., of Sumitomo Electric Industries Ltd.'s 25 percent interest in Sumitomo 3M Ltd.Says the acquisition is for 90 billion Japanese Yen (about $865 million at current exchange rates).Says 3M is now the sole owner and the business will be known as 3M Japan Ltd.  Full Article

3M Co declares quarterly dividend
Monday, 11 Aug 2014 06:46pm EDT 

3M Co:Says that it has declared a dividend on the company's common stock of 85.5 cents per share for the third quarter of 2014, payable Sept. 12, 2014.Payable to shareholders of record at the close of business on Aug. 22, 2014.  Full Article

UPDATE 1-3M expects 2015 sales to rise 3-6 pct, raises dividend

Dec 16 - 3M Co, a maker of adhesives, abrasives and other products for a variety of industries, said it expected organic sales to rise 3-6 percent in 2015, excluding the effect of foreign exchange rates.

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