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Stock splits can be a great way to make investing more accessible and affordable. 3M Company, a multinational conglomerate, has a history of stock splits that can be a valuable lesson for investors.
3M Company has a total of 13 stock splits in its history, with the most recent one occurring in 2011. This means that the company has increased the number of outstanding shares to make the stock more affordable for individual investors.
A stock split can make a stock more attractive to investors, especially those who are just starting out. By reducing the price of the stock, investors can buy more shares and potentially increase their returns.
3M Company Overview
3M is a conglomerate with a strong reputation for innovation, having come up with many popular products over the years, including Post-It Notes.
The company has a long history of producing a wide range of products, from consumer items to specialist products with applications in areas like healthcare and manufacturing.
3M has been a component of the Dow Jones Industrial Average, indicating its significant presence in the market.
Since 2003, 3M hasn't split its stock, with many shareholders thinking the company is overdue for a split.
The company's strong long-term record of good returns for investors suggests that a stock split could be beneficial for shareholders.
3M Stock Splits
3M has a history of stock splits, with its first split occurring in 1920. The company has since split its stock 10 times.
Here are the dates and split ratios for 3M's past stock splits:
3M's most recent stock split was in 2003, when the company split its stock 2 for 1.
3M
3M has a strong reputation for innovation, having come up with many popular products over the course of its history.
The company has developed well-known consumer items like Post-It Notes, as well as specialist products with applications in areas from healthcare and manufacturing to energy.
3M is a Dow component, which has contributed to its strong long-term record of good returns for investors.
Despite this, 3M hasn't split its stock since 2003, leading many shareholders to think the company is long overdue for a stock split.
Investors have been waiting 14 years for a stock split, and 2017 could be the year that streak finally ends.
3M Stock Splits
3M has a long history of stock splits, with the first one dating back to 1920. The company has split its stock 10 times since then.
The most recent split was in 2003, when 3M shares were at $140 to $150 per share. Prior to that, the company had split its stock in 1994 and 1987.
Here's a list of 3M's past stock splits:
3M's stock split history suggests that the company tends to split its stock when its shares reach high prices. In 1972, 3M split its stock when shares were trading at almost $160 per share, and in 1987, the company split its stock when shares were trading at around $130 to $140 per share.
3M Sets Final Exchange Ratio for Neogen Transaction
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3M has set the final exchange ratio for its transaction with Neogen Corporation, exchanging 0.363 shares of 3M common stock for each share of Neogen common stock. This means that Neogen shareholders will receive a significant number of 3M shares for their Neogen shares.
The exchange ratio is based on the 20-day volume-weighted average price of 3M's common stock. This ratio is designed to provide Neogen shareholders with a fair and accurate value for their shares.
The transaction is expected to close in the coming weeks, pending the satisfaction of certain closing conditions.
Frequently Asked Questions
Will 3M shareholders receive Solventum shares?
Yes, 3M shareholders will receive Solventum shares. They will receive one Solventum share for every four 3M shares held as of March 18, 2024.
Sources
- https://leestoerzinger.com/blog/what-happened-at-3m
- https://www.fool.com/investing/2017/01/04/3m-stock-split-will-2017-finally-end-the-split-dro.aspx
- https://www.macrotrends.net/stocks/charts/MMM/3m/-stock-split-history
- https://www.prnewswire.com/news-releases/3m-sets-final-exchange-ratio-in-split-off-exchange-offer-in-connection-with-neogen-transaction-301614127.html
- https://www.macrotrends.net/stocks/charts/MMM/3m/stock-splits
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