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Mergers and Acquisitions

  • 7/16/14 1:00 am CDT

    Business to be known as 3M Japan

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will acquire, through Sumitomo 3M, Sumitomo Electric Industries Ltd.’s 25 percent interest in Sumitomo 3M Ltd. for 90 billion Japanese Yen (approximately $885 million at current exchange rates). Upon completion of the cash transaction, 3M will own 100 percent of Sumitomo 3M Ltd. The transaction is expected to close Sept. 1, 2014. “This investment allows us to gain full control of one of 3M’s most successfulmore...
  • 5/7/14 11:44 am CDT

    Companies to bring together best-in-class solutions for natural gas transportation fuel systems

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M and Rush Enterprises today announce an agreement to pursue the design, manufacture and installation of a portfolio of compressed natural gas (CNG) tanks and fuel systems for use in Class 6-8 vehicles in North America. The Agreement allows for 3M to supply tanks with proprietary technology, and for Rush Enterprises to provide enhanced fuel systems, distribution and service support. “We believe the lack of a holistic approach to fuelmore...
  • 4/1/14 10:36 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Treo Solutions is now a wholly owned subsidiary of 3M and a part of 3M Health Information Systems. Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures andmore...
  • 2/21/14 8:00 am CST

    Acquisition Expands Healthcare Analytics Product Line

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to acquire Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Terms of the transaction were not disclosed. Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures and transition payer and provider clients to value-based caremore...
  • 10/7/13 11:30 am CDT

    Nationwide Contest Partnering With After-School All-Stars Asks Aspiring Young Athletes to Showcase their “A” Game to Win $10,000

    ST. PAUL, Minn.--(BUSINESS WIRE)--Grammy-award winning recording artist and actor, LL COOL J, teams up with ACE Brand from 3M Company to launch the ACE Brand “A” Game Challenge, a nationwide contest asking sports fans and aspiring young athletes to submit their “A” Game video entries showcasing unique skills and one-of-a-kind winning moments in sports. The ACE Brand “A” Game Challenge is partnering with After-School All-Stars, the number one national provider of year-round,more...
  • 9/26/13 7:05 am CDT

    Online Video Series Features Nationwide Sweepstakes Encouraging Race Fans to Share Stories for a Chance to Win Prizes

    ST. PAUL, Minn.--(BUSINESS WIRE)--Today, ACE Brand from 3M Company, in partnership with Roush Fenway Racing launch the ACE Brand Personal Pit Crew Sweepstakes, asking people nationwide, “if you could have your own personal pit crew help with a project, what would it be?” Now through Thursday, October 31, 2013, participants are encouraged to enter the sweepstakes by sharing their project ideas on ACEBrand.com/PersonalPitCrew that spotlight how they would use their very own pit crew formore...
  • 5/1/13 5:47 pm CDT

     

     

    ST.  PAUL, Minn. (May 1, 2013) – The Orvis Company, Inc. of Manchester, Vermont today announced it has entered into a definitive agreement to acquire the Scientific Anglers and Ross Reels businesses from 3M (NYSE:MMM). Upon completion of the transaction, Orvis plans to continue to operate the Midland, MI based business independently under the Scientific Anglers brand. Ross Reels will also continue to operate independently under its brand name from its Montrose, CO headquarters. Themore...
  • 11/29/12 6:30 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that it has completed its acquisition of Ceradyne, Inc. effective as of November 28, 2012, pursuant to the previously announced merger agreement among Ceradyne, 3M, and 3M’s wholly owned subsidiary, Cyborg Acquisition Corporation, through the merger of Cyborg Acquisition Corporation with and into Ceradyne. As a result of the merger, Ceradyne is now a wholly owned subsidiary of 3M. The combination ofmore...
  • 11/28/12 6:30 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that its tender offer to purchase all issued and outstanding shares of common stock of Ceradyne, Inc. (NASDAQ: CRDN) at a price of $35.00 per share was successful. The tender offer expired at 5:00 p.m., New York City time, on Tuesday, November 27, 2012. The depositary for the tender offer has advised that, as of such time, a total of 21,093,164 shares were validly tendered and not withdrawn in the offer,more...
  • 11/16/12 7:43 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that on November 15, 2012, it received clearance from the Austrian Federal Competition Authority with respect to its previously announced tender offer for all issued and outstanding shares of common stock of Ceradyne, Inc. (NASDAQ: CRDN) at a price of $35.00 per share (the “Offer”). The U.S. Federal Trade Commission previously granted early termination of the required waiting period under the Hart-Scott-Rodinomore...