3M Enters Broad Class Resolution To Support PFAS Remediation For Public Water Suppliers; Agreement Includes Present Value Commitment Of Up To $10.3B Payable Over 13 Years
Portfolio Pulse from Benzinga Newsdesk
3M has entered a broad class resolution to support PFAS remediation for public water suppliers, with a commitment of up to $10.3 billion payable over 13 years.
June 22, 2023 | 9:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
3M's commitment to PFAS remediation for public water suppliers may impact its financials with up to $10.3 billion payable over 13 years.
3M's commitment to PFAS remediation for public water suppliers will result in a significant financial outlay of up to $10.3 billion over 13 years. This may negatively impact the company's financials and stock price in the short term as investors factor in the costs associated with this commitment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100