3M Company (MMM) recently completed the previously announced spin-off of its healthcare business into a separate public company. The spun-off entity, which is renamed Solventum Corporation, is listed on the NYSE under the ticker SOLV.MMM’s shares increased 6% yesterday to eventually close the trading session at $94.02.Inside the HeadlinesMMM shareholders received one share of Solventum stock for every four shares of 3M stock held on the record date for the distribution, Mar 18, 2024. The distribution is pro ...

Shares of 3M (MMM -11.36%) finished the day higher after the industrial conglomerate completed the spin-off of its healthcare business, which is now known as Solventum (NYSE: SOVL).Investors cheered the spin-off for a number of reasons, and 3M closed Monday's session up 6.1%. Solventum, however, finished the day down 0.7%. 3M completes the spin-offInvestors had been waiting over a year for the spin-off to go through. The creation of Solventum represents the culmination of several months of work behind the s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key Takeaways3M completed the spinoff of its health care unit, called Solventum, which began trading on the New York Stock Exchange and entered the S&P 500 Monday.The conglomerate also announced a federal court has approved its $10.3 billion "forever chemicals" settlement.Shares of 3M rose on the news, while Solventum shares slid. Two big announcements from 3M (MMM) sent shares of the conglomerate higher Monday. The first involved the completion of the spinoff of Solventum, 3M’s health care business, which ...

Agreement includes pre-tax present value commitment of up to $10.3 billion payable over 13 years Supports PFAS remediation for U.S. public water suppliers (PWS) across the country that have detected any form of PFAS at any level or may do so in the future ST. PAUL, Minn., April 1, 2024 /PRNewswire/ -- 3M today announced that on Friday, March 29, the company's previously announced settlement agreement with U.S. public water suppliers (PWS) received final approval from the U.S. District Court in Charleston, ...

Solventum – a healthcare unit that 3M Co (NYSE: MMM) spun off in March will begin trading on the New York Stock Exchange today. Ahead of it, $MMM is down 15% in premarket.What does it mean for 3M shareholders? Copy link to section Those invested in 3M are slated to secure a position in Solventum as well on Monday. For every four shares of $MMM, they’ll get one share of Solventum. But experts seem a bit dovish on the spinoff. Brett Linzey of Mizuho, for example, reiterated his “neutral” rating on 3M stock la ...

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. Solventum is listed on the New York Stock Exchange as SOLV. "This is an important day for 3M and Solventum, and I extend my sincere congratulations to members of both teams who have made this possible," said Mike Roman, 3M chairman and chief executive officer. "Both companies are positioned to pursue their respective gro ...

josefkubesThe last time I have covered 3M Company (NYSE:MMM) was back in November 2023, recommending investors to initiate long position in this global industrial conglomerate as the company was trading at a very cheap valuation and at the beginning of its long-awaited turnaround. Since that time the stock has delivered a total return on 9% which is pretty attractive in my view. It's no secret that 2023 has been a challenging year for most industrial companies as the PMI has signaled contraction in the ...

Industrial giant 3M (MMM -1.01%) had a remarkable run on Wall Street last week, with its stock soaring by a double-digit percentage thanks to a wave of positive news. This surge in stock value, coupled with the stock's undervaluation, a near 5.8% dividend yield, and its potential as a turnaround play following a pending management restructuring and the spinoff of its healthcare business, Solventum, all point to a promising investment opportunity. Could this be the right time to consider buying 3M stock?3M's ...

Investors are eagerly awaiting the upcoming launch of 3M’s (NYSE:MMM) healthcare spinoff, Solventum. What does it mean for 3M stock?Well, investors aren’t quite so sure. Some believe it may be worth buying up 3M shares ahead of the Solventum launch, arguing the spinoff may prove bullish for its parent company. Others think it may be prudent to wait for the spinoff on April 1 — and any corresponding carnage to 3M stock — before buying into the industrial company. As it stands, if you want to get into Solvent ...