Will 3M Sell Its Food Safety Business for $3.5 Billion?
3M (NYSE: MMM), better known for its Post-it notes, Scotch tapes, and now N95 respirator masks, is exploring the sale of its food safety unit, according to a Bloomberg report this week. The report suggests 3M could raise as much as $3.5 billion from the divestiture.
That's nearly 10 times the revenue that the unit generated in 2019, which means 3M would pull off a big deal if it can bag anything even close to $3.5 billion.
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Source Fool.com
