3M to acquire CUNO in $1.35 billion all-cash filtration merger

3M and CUNO Inc. entered a definitive agreement for 3M's acquisition of CUNO, a liquid-filtration products maker, in an all-cash merger at $72/share valuing the transaction at approximately $1.35 billion. Strategic corporate acquisition broadening 3M's filtration platform.

“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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