3M Soars Most Since Pandemic's Start on Health-Care Spinoff Plan.

3M Co.; PANDEMICS; FLUOROALKYL compounds

With about $8.6 billion in sales last year, 3M's health-care unit accounted for almost one-quarter of the company's total revenue. (Bloomberg) -- 3M Co. plans to spin off its multibillion-dollar health-care operations, a move that could leave the manufacturer flush with cash as it copes with shifting economic currents that have sapped its profits. The dramatic step, which sent 3M's shares up the most since the early days of the pandemic, will reshape a company known for diverse product lines, from electronic components to dental adhesives to Post-it notes. [Extracted from the article]

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