UK markets close in 6 hours 48 minutes
  • FTSE 100

    6,877.02
    -128.37 (-1.83%)
     
  • FTSE 250

    16,935.24
    -385.73 (-2.23%)
     
  • AIM

    807.96
    -6.02 (-0.74%)
     
  • GBP/EUR

    1.1181
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.0802
    -0.0083 (-0.76%)
     
  • BTC-GBP

    17,912.26
    +471.90 (+2.71%)
     
  • CMC Crypto 200

    440.91
    +12.13 (+2.83%)
     
  • S&P 500

    3,719.04
    +71.75 (+1.97%)
     
  • DOW

    29,683.74
    +548.75 (+1.88%)
     
  • CRUDE OIL

    80.94
    -1.21 (-1.47%)
     
  • GOLD FUTURES

    1,652.20
    -17.80 (-1.07%)
     
  • NIKKEI 225

    26,422.05
    +248.07 (+0.95%)
     
  • HANG SENG

    17,165.87
    -85.01 (-0.49%)
     
  • DAX

    12,009.61
    -173.67 (-1.43%)
     
  • CAC 40

    5,678.92
    -86.09 (-1.49%)
     

What 3M's Health Care Spin-Off Means to Investors

·4-min read

3M's (NYSE: MMM) spin-off announcement last month caught the market by surprise and inevitably raised comparisons with General Electric's (NYSE: GE) impending breakup. Both companies plan to spin off their healthcare businesses in 2023 (with GE also planning to spin off its power and renewable energy businesses together in 2024) to unlock value for shareholders. Let's look at 3M's plans and what they mean for the investment case for the stock.