3M shares are trading higher after the company reached a $10.3B settlement for lawsuit claims by public water suppliers.
Portfolio Pulse from Benzinga Newsdesk
3M has reached a $10.3B settlement for lawsuit claims by public water suppliers, leading to an increase in its share price.
June 23, 2023 | 8:47 am
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3M's stock price is trading higher after reaching a $10.3B settlement for lawsuit claims by public water suppliers.
The settlement of the lawsuit removes a significant legal risk for 3M, which is likely to be viewed positively by investors. This has led to an increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100