3M is approaching a deal to combine a food safety unit with Neogen

Date:

3M’s transaction with Neogen consists of a reverse moritrust, a tax-effective way for a company to sell a division.


Photo:

Nicholas Fossi / Reuters

3M Ltd

Hmm -1.42%

With food safety business

Neogen Ltd

NEOG -0.20%

According to people familiar with the matter, food inspection and veterinary medicine specialists.

People said the acquisition would bring the merged company’s value to $ 9.3 billion, including debt, as soon as Tuesday. It is organized as a reverse moritrust, a tax-effective way for companies to sell their divisions, and operates a company with integrated Neogen management. People said it would value 3 million units for about $ 5.3 billion.

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3M is approaching a deal to combine a food safety unit with Neogen

Source link 3M is approaching a deal to combine a food safety unit with Neogen

The post 3M is approaching a deal to combine a food safety unit with Neogen appeared first on Eminetra.

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