3M Announces Combat Arms Settlement Against Aearo Technologies, To Pay $6.0B between 2023-2029 Structured under $5.0B in Cash and $1.0B in 3M Common Stock
Portfolio Pulse from Benzinga Newsdesk
3M (NYSE: MMM) has reached a settlement in the Combat Arms Earplug litigation against Aearo Technologies. The agreement requires 3M to pay a total of $6.0 billion between 2023 and 2029, including $5.0 billion in cash and $1.0 billion in 3M common stock.
August 29, 2023 | 10:39 am
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3M's settlement of $6.0 billion in the Combat Arms Earplug litigation could impact its financial position and stock price in the short term.
The settlement of $6.0 billion is a significant financial obligation for 3M. This could potentially affect the company's financial position and put downward pressure on its stock price in the short term. The payment structure, including $1.0 billion in 3M common stock, could also impact the stock's value.
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