How many Neogen shares will 3M stockholders receive?

As a result, 3M stockholders who tender shares of 3M common stock in the exchange offer will receive approximately 6.7713 shares of Neogen common stock (subject to the receipt of cash in lieu of fractional shares) for each share of 3M common stock accepted for exchange.

Does 3M have a split-off exchange offer?

3M ( NYSE: MMM) on Monday issued an exchange ratio for its split-off exchange offer to shareholders to exchange their shares of 3M for shares of Garden SpinCo Corp.

What happens when 3M & Neogen merge?

An agreement between 3M and Neogen came in December. 3M will deliver about 6.7713 shares of SpinCo common stock for each share of its common stock that is accepted for exchange. Each share of SpinCo common stock will be converted into the right to receive one share of Neogen common stock when the merger is completed.

What is 3M's final exchange ratio?

ST. PAUL, Minn., Aug. 29, 2022 / PRNewswire / -- 3M (NYSE: MMM) announced today the final exchange ratio of 6.7713 for its split-off exchange offer to 3M stockholders to exchange their shares of 3M common stock for shares of common stock of Garden SpinCo Corporation ("SpinCo").