What 3M's Health Care Spin-Off Means to Investors

Management plans the following: 1. A tax-free spinoff of the healthcare business by the end of 2023, creating two new companies, the healthcare business and "New 3M." 2. New 3M will retain a 19.9% stake in healthcare, which will be sold over time -- GE has the same plan for GE Healthcare. 3. Health care will be spun … See more

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What 3M's Health Care Spin-Off Means To Investors

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What 3M's Health Care Spin-Off Means To Investors

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Aug 12, 2022 · New 3M will retain a 19.9% stake in healthcare, which will be sold over time -- GE has the same plan for GE Healthcare. Health care will be spun off with a "net leverage of 3.0x …

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3M Healthcare Spinoff: How Should Shareholders Proceed?

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Aug 15, 2022 · Source: Investor Presentation. The new 3M will consist of the segments which generated $26.8 billion of sales in 2021, while the healthcare spin-off will retain the product …

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Where Will 3M Stock Be In 3 Years? | The Motley Fool

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3M (MMM 1.94%) was once a dependable dividend stock for conservative investors. The diversified conglomerate sold a broad range of industrial, worker safety, and consumer goods, …

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FAQs about What 3M's Health Care Spin-Off Means to Investors Coupon?

Will 3M spin-off its health care business?

ST. PAUL, Minn., March 8, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced that its Board of Directors has approved the planned spin-off of its Health Care business, which will be known as Solventum Corporation. The company is anticipated to spin off from 3M on April 1, 2024, and has applied to list on the New York Stock Exchange as "SOLV." ...

Is 3m a spin-off of solventum?

ST. PAUL, Minn., Feb. 21, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spin-off of its Health Care business as the newly independent health care company Solventum. ...

Will new 3m spin-off health care be tax-free?

Health Care is currently expected to be spun off with net leverage of approximately 3.0x – 3.5x EBITDA and to be positioned for rapid deleveraging. Additionally, New 3M expects to retain a stake of 19.9% in Health Care, which will be monetized over time. The spin-off is intended to be tax-free for U.S. federal income tax purposes. ...

When will the 3M spin-off take place?

The distribution is anticipated to take place before opening of trading on Apr 1, 2024, conditional on the fulfillment of remaining conditions. The spin-off of 3M and its health care unit is expected to help each entity to flourish through better operational focus, capital allocation policies and financial flexibility. ...

Is 3M's healthcare business being held back by the rest of 3M?

The spinoff may well make sense, but it's hard to argue that 3M's healthcare business is being held back by the rest of 3M. In fact, it's one of the problems, and despite concerted efforts over the years, its performance has been patchy at best. As such, 3M investors shouldn't get too excited about the spinoff. ...

Will 3M monetize solventum stock after a spin-off?

3M’s board has approved a distribution to the company’s shareholders of 80.1% of the outstanding shares of Solventum. The remaining 19.9% of outstanding shares of Solventum stock will be retained by 3M and will be monetized within five years after completion of the spin-off. ...