3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small.
As per a Bloomberg report, 3M (MMM) is looking to sell its drug delivery systems unit, which accounted for about 1.4% of the company’s 2018 revenue of $32.77 billion. The unit manufacturers’ inhalers and skin patches reported flat sales on an organic local-currency basis for the third quarter. The deal could fetch up to $1B to the Industrial conglomerate.
Shares of 3M jumped on Friday closing $171.47/share up +4.32%.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!