Health 3M explores $3.5 billion sale of meals protection unit...

3M explores $3.5 billion sale of meals protection unit – Bloomberg Information – Reuters

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MMM.Nis functioning with advisers on the sale of its food items protection organization, Bloomberg News described below on Tuesday, citing men and women with information of the issue.

The unit, which tends to make merchandise for pathogen testing and allergen detection, could fetch about $3.5 billion (£2.seventy five billion), the report claimed.

3M mentioned it does not comment on rumors or speculation.

The corporation missed Wall Avenue estimates for 2nd-quarter financial gain and income in July as desire throughout its enterprise units plunged owing to the coronavirus disaster.

Its shares have fallen about eight% so significantly this year.

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