Skip to Primary Navigation Skip to Site Navigation Skip to Main Content

Search Press Releases

Press Releases

 

Mergers and Acquisitions

  • 4/1/11 11:32 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired certain assets of Zargis Medical Corp., maker of the only FDA-approved diagnostic software to classify suspected systolic and diastolic heart murmurs. Terms of the transaction were not disclosed. This acquisition builds on the existing global marketing and distribution alliance between 3M and Zargis Medical. The combination of electronic stethoscopes and telemedicine/diagnostic software enables newmore...
  • 2/28/11 12:00 am CST

    Offer to Result in Ownership of 85.3 Percent

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today the preliminary final results of its tender offer for shares of Winterthur Technologie AG. Shares representing 56.1 percent of the shares of Winterthur were tendered during the offer period. Together with shares purchased from shareholders outside of the offer process, the tender offer will result in 3M owning 85.3 percent of Winterthur’s shares. “We are very pleased with the results of our offer,” said Chris Holmesmore...
  • 2/25/11 12:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has received acceptances of its offer for shares of Winterthur Technologie that, when considered together with shares purchased by 3M, will result in 3M owning close to two-thirds of the shares of Winterthur. Based on the current rate of tenders, 3M expects to be substantially above two-thirds at the end of the additional acceptance period. The additional acceptance period for the tender offer expires onmore...
  • 2/17/11 9:07 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Hybrivet Systems Inc., a leading provider of instant-read products to detect lead and other contaminants and toxins. Terms of the transaction were not disclosed. Hybrivet Systems’ flagship product is LeadCheck® Swabs, which is widely recognized as the fastest, easiest, most cost-effective lead detection product on the market. The LeadCheck brand has been at the forefront of lead detection and awarenessmore...
  • 1/3/11 5:30 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has acquired the business of Nida-Core Corp., a manufacturer of structural honeycomb core and fiber-reinforced foam core materials based in Port St. Lucie, Fla. Terms of the transaction were not disclosed. Nida-Core’s broad portfolio of high-strength, low-weight, engineered materials, provides solutions in general industrial markets, including transportation, marine and renewable energy. Offerings include amore...
  • 12/7/10 7:46 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--In connection with its previously announced agreement to acquire Winterthur Technologies AG (“Winterthur”) pursuant to a public tender offer, 3M noted that, to the extent permissible under applicable law or regulation, 3M, its affiliates or brokers (acting as agents for 3M or its affiliates) may from time to time directly or indirectly purchase shares of Winterthur other than pursuant to such tender offer. 3M has begun to purchase shares ofmore...
  • 12/6/10 12:00 am CST

    Acquisition Enhances Abrasives Offering

    ST. PAUL, Minn. & ZURICH--(BUSINESS WIRE)--3M and Winterthur Technologies AG (“Winterthur”) announced today that they have entered into an agreement for 3M’s acquisition of Winterthur for CHF 62.00 (USD $63.56) per share by way of a public tender offer. The proposed transaction has an aggregate value of approximately USD $448 million. Winterthur is a leading global supplier of precision grinding technology serving customers in the growing area of hard-to-grind precisionmore...
  • 12/1/10 3:25 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that it has completed its acquisition of Cogent Inc., pursuant to a merger agreement that was approved and adopted by Cogent’s stockholders at a special meeting held on Dec. 1, 2010. Under the terms of the merger agreement, Cogent’s stockholders are entitled to receive $10.50 per share in cash. With the closing of the transaction, Cogent’s common stock ceased to trade on NASDAQ at market close today, andmore...
  • 10/27/10 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ:COGT). The subsequent offering period under the tender offer for all of the outstanding shares of Cogent expired at 5:00 p.m., New York City time, on Oct. 26, 2010. Approximately 18.5 million shares were tendered in the subsequent offering period and Ventura Acquisitionmore...
  • 10/25/10 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has extended its cash tender offer for Cogent, Inc. (NASDAQ:COGT). The expiration date of the subsequent offering period has been extended to 5:00 PM, New York City time, on October 26, 2010. As of 12:00 midnight, New York City time, on October 22, 2010, approximately 16.7 million shares were tendered in the subsequent offering periodmore...