financetom
Business
financetom
/
Business
/
3M Prices $648 Million Secondary Offering of Solventum Shares
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
3M Prices $648 Million Secondary Offering of Solventum Shares
Aug 14, 2025 2:34 AM

05:11 AM EDT, 08/14/2025 (MT Newswires) -- Solventum ( SOLV ) said late Wednesday that 3M ( MMM ) priced a secondary offering of 8.8 million Solventum ( SOLV ) common shares for about $648 million in expected gross proceeds.

Solventum ( SOLV ) will not receive any proceeds from the offering, which is expected to close by Friday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ford's head of integrated services leaves automaker to join Peloton
Ford's head of integrated services leaves automaker to join Peloton
Oct 31, 2024
(Reuters) - The head of Ford Motor's ( F ) integrated services, who was tasked with leading one of the automaker's most important teams, is departing after about one year, the company said on Thursday. Peter Stern, who joined Ford in August 2023 from Apple ( AAPL ), was trusted with building the automaker's recurring revenues attached to vehicle services...
Insperity Shares Slip After Q3 Results; 2024 Guidance Update
Insperity Shares Slip After Q3 Results; 2024 Guidance Update
Oct 31, 2024
10:30 AM EDT, 10/31/2024 (MT Newswires) -- Insperity ( NSP ) shares slipped by about 2% in recent Thursday trading after the company reported Q3 financial results and updated its full-year guidance. The company reported Q3 adjusted earnings of $0.39 per diluted share, down from $1.46 a year earlier. Analysts polled by Capital IQ expected $0.33. Revenue for the quarter...
Anheuser-Busch Q3 Beats, But Beer Volume Drops Globally
Anheuser-Busch Q3 Beats, But Beer Volume Drops Globally
Oct 31, 2024
Anheuser-Busch Inbev ( BUD ) shares are trading lower on Thursday. The company reported third-quarter adjusted earnings per share of 98 cents, beating the street view of 89 cents. Quarterly sales of $15.046 billion missed the analyst consensus estimate of $15.644 billion. Anheuser-Busch noted that top-line growth of 2.1% was supported by revenue increases in over 60% of its markets,...
Allegro MicroSystems Shares Fall After Q2 Results, Q3 Guidance
Allegro MicroSystems Shares Fall After Q2 Results, Q3 Guidance
Oct 31, 2024
10:25 AM EDT, 10/31/2024 (MT Newswires) -- Allegro MicroSystems ( ALGM ) shares fell more than 7% in recent Thursday trading after the company reported lower quarterly results. The company reported fiscal Q2 non-GAAP earnings of $0.08 per diluted share, down from $0.40 a year earlier. Analysts polled by Capital IQ expected $0.06. Net sales for the quarter ended Sept....
Copyright 2023-2026 - www.financetom.com All Rights Reserved