3M Co said on Thursday it would buy privately held medical device maker Acelity ...
- 3M Co said on Thursday it would buy privately held medical device maker Acelity Inc in a deal valued at $6.7 billion, including debt, as the U.S. industrial conglomerate looks to expand its business in medical dressings and related products.
Acelity, under its KCI brand, makes advanced wound dressings and specialized systems that use a vacuum to seal off acute or chronic wounds, promoting faster healing. The purchase price values Acelity at 15 times its 2018 adjusted earnings before interest, tax, depreciation and amortization, 3M said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3M to buy Acelity in a $6.7 billion deal, including debt3M Co. announced Thursday at deal to buy privately held wound care company Acelity Inc. in deal valued at $6.7 billion, including debt, from a consortium of...
Read more »
3M cuts 2019 profit outlook on weak China, shares fall 11 percentShares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglom...
Read more »
3M stock tumbles after company reports lower-than-expected earnings and cuts 2019 guidance3M reported a lower-than-expected quarterly profit this morning, and announced it will lay off 2,000 workers worldwide.
Read more »
3M, the company that makes Scotch tape, is cutting 2,000 jobs3M, the company that makes Post-It notes and Scotch tape, is cutting 2,000 jobs around the world
Read more »
Dow on track for triple-digit loss after worse-than-expected 3M earningsStocks struggled for direction at the opening bell as the tech-sector's gains led the Nasdaq higher even as disappointing earnings from 3M Co. dragged the...
Read more »
3M Plans to Cut 2,000 Jobs as Its Sales Fall3M said it would cut 2,000 jobs and restructure its sprawling business after demand for its tapes and adhesives fell in China and other important markets.
Read more »
Dow falls more than 100 points as 3M suffers biggest drop in more than 30 years3M reported disappointing earnings Thursday, sending the Dow down. The S&P 500 closed flat, with gains in the health care and communications sectors offsetting a drop in industrials.
Read more »
Dow ends with triple-digit loss as 3M shares suffer routStocks saw a mixed finish Thursday, with the Dow Jones Industrial Average falling triple digits as shares of 3M Co. were routed following disappointing...
Read more »
Stocks making the biggest moves midday: 3M, UPS, Microsoft & moreThese are the stocks posting the largest moves midday Thursday.
Read more »
3M’s shares on verge of worst day since 1987 stock-market crashShares of 3M Co. plunge toward biggest one-day decline in over 30 years, after the industrial, health care and consumer products company reported missed...
Read more »