3M Launches Split-Off Exchange Offer for Food Safety DivisionAugust 4, 2022
3M has announced the commencement of an exchange offer to effect the separation of its food safety business.
The move follows the previously announced Reverse Morris Trust transaction with Neogen Corp. through the merger of Garden SpinCo Corp., currently a wholly owned subsidiary of 3M formed to hold the food safety business, with a subsidiary of Neogen. 3M stockholders have the option to exchange some or all of their shares of 3M common stock for shares of common stock of SpinCo through August 31.
For further details on the exchange offer, visit www.3mneogenexchange.com.
With global sales of US$33 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.