3M To Acquire CUNO, Broadening Filtration Platform

3M and CUNO Inc. announced a definitive agreement for 3M to acquire CUNO in an all-cash merger for $72 per share, valuing the transaction at approximately $1.35 billion including assumed debt. The acquisition aims to combine 3M's technology and global presence with CUNO's liquid filtration products and installed base to achieve revenue and cost synergies.

“3M and CUNO Inc. announced that they have entered into a definitive agreement for 3M's acquisition of CUNO in an all cash merger for $72 per share, valuing the transaction at approximately $1.35 billion including the assumption of $60 million of existing net debt.”

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