3M explores $3.5 billion sale of food safety unit – Bloomberg News

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG8L1VJ_L.jpg

The unit, which makes products for pathogen testing and allergen detection, could fetch about $3.5 billion, the report said.

3M said it does not comment on rumors or speculation.

The company missed Wall Street estimates for second-quarter profit and revenue in July as demand across its business units plunged due to the coronavirus crisis.

Its shares have fallen about 8% so far this year.

Add Comment