How many Spinco shares will MMM deliver?

MMM announced that for each 3M common stock that a shareholder has, that is "validly tendered and accepted for exchange," MMM will deliver approximately 6.7713 shares of SpinCo common stock. Yesterday, the group announced the successful completion and separation of its food safety business and merger the business with Neogen.

What happens if 3M shares are merged with garden Spinco?

Under the terms of the agreement released on 4 August, owners of shares in 3M will have the option to exchange their 3M stock for shares in the common stock of an entity called Garden SpinCo. On 29 August, shareholders will face a deadline for taking part in the merger.

When will Spinco shares convert to Neogen shares?

Shares in SpinCo will convert on 31 August, at the stroke of 12 midnight, to shares in Neogen. Neogen currently makes kits for detecting toxins, bacteria and other unhealthy things in food, as well as products for veterinary care and nutrition.

What happens if tfco buys spin co?

SpinCo would be listed on the Euronext Paris. After completion of the transaction, Atos shareholders would hold 100% of TFCo and 70% of Spin Co. The remaining 30% stake in Spin Co would be held by TFCo and monetized over time. Atos also announced the appointment of two Deputy CEOs.