3M's (MMM) Board Approves Health Care Business Spin-Off

3M Company’s (MMM) board has approved the planned spin-off of its health care business into a separate public company.The spun-off entity will become a standalone company and be renamed as Solventum Corporation. It will begin regular-way trading on NYSE on Apr 1, 2024, under the ticker SOLV, while 3M will continue to trade under the ticker MMM.3M’s board has approved a distribution to the company’s shareholders of 80.1% of the outstanding shares of Solventum. The remaining 19.9% of outstanding shares of Sol ...