Is 3M Spinoff Solventum a Buy? (And What It Means for 3M Investors)
The Motley Fool
MAY 17, 2024
In reality, two new companies came out of the spinoff of Solventum (NYSE: SOLV) and 3M (NYSE: MMM) -- a newly created healthcare company and an industrial conglomerate without a healthcare business. First, 3M saddled Solventum with debt to shore up the balance sheet of the former as it faces multibillion-dollar legal settlements.
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