other material
confidence high
sentiment neutral
materiality 0.70
Solventum spin-off from 3M effective; distribution 1:4, record date March 18, completion April 1
Solventum Corp
- Registration statement declared effective March 13, 2024; spin-off proceeding as planned.
- 3M to distribute 1 share of Solventum common stock for every 4 shares of 3M common stock.
- Record date March 18, 2024; distribution expected prior to trading on April 1, 2024.
- When-issued trading on NYSE under 'SOLV WI' from March 26-28; regular-way trading 'SOLV' starts April 1.
- Investor day scheduled March 19, 2024 in NYC featuring CEO Bryan Hanson and CFO Wayde McMillan.