3M Announces Plans to Create Long Term Value Through Spin-Off of Health Care Business

Additionally, this spin-off intends to be tax-free for for U.S. federal income tax purposes, and is expected to be completed by the end of 2023. Further, 3M will retain responsibility for non-Health Care related litigation, including those related to Combat Arms Earplugs and PFAS. Their financial advisors will come from Goldman Sachs & Co and PJT Partners. Wachtell, Lipton, Rosen & Katz is serving as legal counsel on the spin-off of 3M’s Health Care business.


For Full Article/Press Release, Click Here