3M Co. (MMM) confirms Combat Arms Earplug settlement for $6 billion

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Go back to 3M Co. (MMM) confirms Combat Arms Earplug settlement for $6 billion

3M Announces Combat Arms Settlement

August 29, 2023 6:33 AM EDT

ST. PAUL, Minn., Aug. 29, 2023 /PRNewswire/ -- Today, 3M (NYSE: MMM) announced that it has reached an agreement with the court-appointed negotiating plaintiffs' counsel to resolve the Combat Arms Earplug litigation against Aearo Technologies (Aearo) and 3M. Under the agreement, 3M will contribute a total amount of $6.0 billion between 2023 and 2029, which is structured under the agreement to include $5.0 billion in cash and $1.0 billion in 3M common stock.

This agreement, reached through the mediation process that 3M has... More