3M (MMM) Commences Split-Off Exchange Offer for Food Safety Business
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3M Commences Split-Off Exchange Offer for Food Safety Business
August 4, 2022 12:41 PM EDTST. 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,... More
