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3M Commences Split-Off Exchange Offer for Food Safety Business

PR Newswire - Press Release

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ST. PAUL, Minn., Aug. 4, 2022 /PRNewswire/ -- 3M Company ("3M") (NYSE:MMM) announced today the commencement of an exchange offer to effect the separation of its food safety business (the "Food Safety Business"), in furtherance of the previously announced Reverse Morris Trust transaction with Neogen Corporation ("Neogen") (NASDAQ:NEOG) through the merger of Garden SpinCo Corporation ("SpinCo"), currently a wholly-owned subsidiary of 3M formed to hold the Food Safety Business, with a subsidiary of Neogen (the "Merger").

Read more at prnewswire.com

Related Symbols

Symbol Last Chg %Chg
NEOG 9.36 +0.07 +0.75%
Neogen Corp
MMM 145.42 +0.19 +0.13%
3M Company

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