3M Co (MMM) Key Developments | Reuters.com
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3M Co (MMM)

MMM on New York Consolidated

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

3M Co declares quarterly dividend
Tuesday, 10 Nov 2015 04:39pm EST 

3M Co:Declared a dividend on the company's common stock of $1.025 per share for the fourth quarter of 2015.Payable Dec. 12, 2015, to shareholders of record at the close of business on Nov. 20, 2015.  Full Article

3M Co announces restructuring plan
Thursday, 22 Oct 2015 07:30am EDT 

3M Co:Says restructuring plan.Says restructuring plan that will result in an expected reduction of 1,500 positions worldwide.Says restructuring plan worldwide with estimated pre-tax savings of $130 million in 2016.Says reductions primarily focused on structural overhead, largely in U.S., slower-growing markets;particular emphasis on EMEA And Latin America.  Full Article

3M Co to sell its wholly-owned subsidiary, Faab Fabricauto
Tuesday, 6 Oct 2015 11:17am EDT 

3M Co:To sell faab fabricauto.Expects earnings impact from the transaction to be offset by additional portfolio management actions in the fourth quarter of 2015.Says 3M France has received a binding offer from hills numberplates limited to purchase 100 percent of the shares of faab fabricauto.Expects the earnings impact from the transaction to be offset by additional portfolio management actions in the fourth quarter of 2015.Says approximately 150 employees of faab fabricauto are expected to transition with the business when the transaction closes.Says transaction is expected to be signed by 3M France and closed during the fourth quarter of 2015.  Full Article

3M Co sells its library systems business
Tuesday, 6 Oct 2015 11:08am EDT 

3M Co:Sells its library systems business.Says also announced that it has entered into agreements for oep to purchase the assets of its remaining global library systems business.Expects the earnings impact from the transactions to be offset by additional portfolio management actions in the fourth quarter of 2015.Says remaining sale of assets is expected to be completed in the fourth quarter of 2015.  Full Article

3M Co invests in strongarm technologies inc
Thursday, 17 Sep 2015 09:00am EDT 

3M Co:Invests in strongarm technologies inc.Says announces a minority equity investment in strongarm technologies inc.  Full Article

3M Co to explore strategic alternatives for its health information systems business
Thursday, 10 Sep 2015 09:00am EDT 

3M Co:To explore strategic alternatives for its health information systems business.Selection of a strategic direction is anticipated by the end of Q1 2016.Says has retained Goldman, Sachs & co. as its investment banker to assist the company in exploring strategic alternatives.Alternatives for health information systems could include spinning-off, selling, or retaining and further investing in business within 3M.No decision made with regard to alternatives;there can be no assurance that exploration of strategic alternatives will result in transaction.  Full Article

3M Co updates FY 2015 earnings guidance to include recently closed acquisitions
Wednesday, 26 Aug 2015 09:16am EDT 

3M Co:Updates FY 2015 earnings guidance to include the estimated impacts from the recently closed acquisitions of Capital Safety and Polypore's Separations Media business.Says the company's previous guidance excluded the estimated impacts from these pending transactions at that time.Says including these transactions, 3M now expects FY 2015 GAAP earnings per share to be in the range of $7.73 to $7.93 versus its previous guidance of $7.80 to $8.00.Sees $0.07 per share adjustment will largely be incurred in Q3 2015.  Full Article

3M Co declares dividend on company's common stock
Monday, 10 Aug 2015 05:44pm EDT 

3M Co:Declares a dividend on the company's common stock of $1.025 per share for the third quarter of 2015.Payable on Sept. 12, to shareholders of record at the close of business on Aug. 21.  Full Article

3M Co completes acquisition of Capital Safety
Monday, 3 Aug 2015 12:57pm EDT 

3M Co:Completes acquisition of Capital Safety from KKR for total enterprise value of $2.5 bln.  Full Article

3M Co raises high end of prior FY 2015 EPS guidance
Thursday, 23 Jul 2015 07:30am EDT 

3M Co:Says that it expects FY 2015 earnings to be in the range of $7.80 to $8.00 per share, versus a prior range of $7.80 to $8.10 per share.Says FY 2015 organic local-currency sales growth is expected to be in the range of 2.5 to 4 percent, versus previous guidance of 3 to 6 percent.Says that it continues to expect that foreign currency translation will reduce 2015 sales by 6 to 7 percent.  Full Article

BRIEF-3M wins patent infringement lawsuit against Dental Direkt

* Court decision is based on a German patent and on German portion of a European patent