secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0000066740-24-000044
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3M completes spin-off of health care business Solventum; distribution ratio 1:4
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- On April 1, 2024, 3M distributed 80.1% of Solventum shares to 3M stockholders.
- Stockholders received 1 share of SOLV for every 4 shares of MMM held as of March 18, 2024.
- 3M retains 19.9% equity stake in Solventum, measured at fair value.
- Solventum listed on NYSE under ticker 'SOLV'; 3M no longer consolidates Health Care.
- Pro forma financials reflect Health Care as discontinued operations for 2021-2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000044/0000066740-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674024000044/mmm-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000066740-24-000044

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