Notice to all 3M shareholders $MMM+1.0%!🎉

@martin42 asked about3M stock and what's happening to it.
3M has completed spin-off of its healthcare division and formally launched the newly formed Solventum Corporation!

3M stock understandably fell more than 12%.

3M

MMM

$101.62 $1.01 +1.00%

Capital Structure

Market Cap

56.2B

Enterpr. Val.

67.5B

Valuation

P/E

-8.0

P/S

1.7

Open $100.56

Day range $100.46 - $101.93

52 week range $71.36 - $106.04

This is an important milestone for the entire company 3M! This company, which owns a product portfolio that spans many areas, from industrial to medical products to consumer products for everyday use.

"Both companies are poised for continued growth and success, and I look forward to watching their innovation and shareholder benefits continue to grow," said Mike Roman, chairman and CEO of3M.

Company stockholders 3M will receive one share of Solventum for every four shares 3Mthey owned at the end of the trading day March 18, 2024.

How do you feel about this spin-off? Will you keep these new shares?