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Press Releases

 

Mergers and Acquisitions

  • 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...
  • 10/20/10 8:00 am CDT
    ST. PAUL, Minn. & TEL AVIV, Israel--(BUSINESS WIRE)--3M announced today it has completed its acquisition of Attenti Holdings S.A. from an investor group led by Francisco Partners. Attenti is a leading supplier of remote people monitoring technologies used for a variety of offender monitoring applications, such as people awaiting trial or on probation; and to assist eldercare facilities in monitoring and enhancing the safety of patients. This acquisition positions 3M’s track and tracemore...
  • 10/18/10 10:38 am CDT
    ST. PAUL, Minn. & TAIPEI, Taiwan--(BUSINESS WIRE)--Jason Hanlon's phone number in contact information should read: +886-2-2827-7996 (sted +886-2-2827-7669). The corrected release reads: 3M TO ACQUIRE TAPE BUSINESS FROM ALPHA BETA ENTERPRISE CO. LTD. 3M announced today that it has entered into a definitive agreement to acquire the tape-related assets of Alpha Beta Enterprise Co. Ltd., a leading manufacturer of box sealing tape and masking tape headquartered inmore...
  • 10/13/10 11:10 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of Arizant Inc., a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. Patient warming is a highly strategic adjacency for 3M and integral to infection prevention. Arizant expands 3M’s infection prevention offerings and will help to drive growth internationally. Arizant, which was majority-owned by Court Square Capital sincemore...
  • 10/8/10 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 tender offer for all of the outstanding shares of Cogent expired at 12:00 midnight, New York City time, on October 7, 2010. As of that time, the depositary for the offer advised that approximately 46.4 million shares, representing approximately 52 percent ofmore...