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3M announced Monday that it had completed the spin-off of its health care business into the independent, publicly-traded company Solventum, which likely qualifies as its own Fortune 500 company ...

The Solventum spin-off will help 3M prepare for legal settlements related to defective earplugs and water supply damages. 3M is risky due to potential future additional legal battles. 3M is a slow ...

3M spun off its health care division Monday morning, saying goodbye to an operation of 20,000 employees and $8 billion in revenue, a quarter of the company's total sales. The separation follows ...

ST. PAUL, Minn., April 1, 2024 /PRNewswire/ -- Today, 3M completed the planned spin-off of its health care business, which formally launches Solventum Corporation as an independent company.

3M's share price rose 6% by market close Monday following the completion of its spinoff of Solventum and the announcement that a federal court had approved a more than $10 billion settlement with ...

Solventum, spun off from 3M, a Dow component, finished down about 0.7%. Shares of 3M were up 6%. Shareholders of 3M as of March 18 were eligible to obtain one share of Solventum for every four ...

The settlement, first announced last year, resolves class-action lawsuits filed by public water suppliers over per- and polyfluoroalkyl substances, or PFAS. A federal judge has approved 3M’s ...