United States

3M Co (MMM)

MMM on New York Consolidated

9 Dec 2016
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$2.61 (+1.48%)
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Latest Key Developments (Source: Significant Developments)

3M Company and Zirkonzahn Settle Patent Infringement Action
Tuesday, 5 Jan 2016 12:07pm EST 

3M Company and Zirkonzahn SRL and Zirkonzahn Deutschland GmbH:Says have amicably settled a patent infringement lawsuit brought by 3M under 3M's European Patent No. 1,154,969 B2 against Zirkonzahn before the district court of Düsseldorf, Germany.  Full Article

3M Co files patent infringement lawsuit against XPEL Technologies Corporation
Wednesday, 30 Dec 2015 09:16am EST 

3M Co:Says filed a patent infringement lawsuit in federal district court in Minnesota on Dec. 29, 2015, against XPEL Technologies Corporation.Suit alleges that XPEL Technologies Corporation's XPF paint protection film product infringes 3M's U.S. Patent No. 8,765,263.  Full Article

3M Co - Chinese customs officers seize 120,000 fake face masks - media - Reuters
Wednesday, 9 Dec 2015 07:44am EST 

3M Co:Customs officers in China's commercial capital, Shanghai, have discovered 120,000 fake respiratory masks, supposedly made by U.S. diversified manufacturer 3M Co, state media said on Wednesday - RTRS.News of the seizure came as air pollution has engulfed the capital, Beijing, with authorities declaring a "red alert" there because of dangerously high levels of smog - RTRS.Many people in China wear face masks in the hope of preventing the breathing of pollution and airborne viruses, or to stop themselves spreading colds and coughs to others - RTRS.The fake masks were discovered in two batches during inspections at a Shanghai customs site, the state-run China News Service said, adding that many people had been detained in the course of a broader investigation into fake masks - RTRS.Officials at China's 3M office were not available for comment - RTRS.  Full Article

3M Completes Sale of Faab Fabricauto
Tuesday, 1 Dec 2015 08:00am EST 

3M:Says 3M France has completed sale of Faab Fabricauto business to Hills Numberplates.Faab Fabricauto, a French manufacturer of license plates and signage solutions, was a wholly-owned subsidiary of 3M and part of 3M's Traffic Safety and Security Division.  Full Article

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 to sell identity management business to Gemalto

3M Co , the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto for $850 million.