3M (NYSE:MMM) announced today that it will lay off an additional 2,900 workers in an ongoing restructuring that will cost the company up to $300 million. The Maplewood, Minn.-based manufacturing conglomerate said the cuts would span across its businesses and geographies, resulting in a total pre-tax charge of $250 million to $300 million — including $120 […]
3M Drug Delivery Systems
Kindeva Drug Delivery launches as independent company from 3M
Kindeva Drug Delivery recently announced that it launched as an independent company, shedding its former 3M Drug Delivery Systems name. The formation of the independent company follows its acquisition by Altaris Capital Partners in a transaction that was worth $650 million. Through the acquisition, 3M will hold a 17% minority interest in Kindeva with Altaris. […]
