3M Completes Acquisition of CUNO Incorporated
02 Agosto 2005 - 8:05PM
Business Wire
3M (NYSE:MMM) completed its acquisition of CUNO Incorporated
(Nasdaq:CUNO) after CUNO's shareholders voted in favor (i.e., 72.5
percent of CUNO's outstanding shares) of the all cash transaction
for $72 per share in a special shareholders meeting held earlier
today. CUNO, a subsidiary of 3M with its headquarters in Meriden,
Conn., designs, manufactures, and markets a comprehensive line of
filtration products for the separation, clarification, and
purification of fluids and gasses. 3M and CUNO expect to take
advantage of CUNO's expertise in liquid filtration and 3M's
complementary capabilities in air filtration, along with its broad
presence in markets where demand for filtration solutions is
growing, to serve customers around the world more effectively.
About CUNO - A Market Leading Filtration Company CUNO is a leader
in the design, manufacture, and marketing of a comprehensive line
of filtration products for the separation, clarification, and
purification of fluids and gasses. Its proprietary products include
uses in the healthcare, industrial, and drinking water markets.
CUNO operates manufacturing facilities in the United States,
Brazil, Mexico, France, Japan, Australia and China, and has sales
offices throughout the world. About 3M - A Global, Diversified
Technology Company Every day, 3M people find new ways to make
amazing things happen. Wherever they are, whatever they do, the
company's customers know they can rely on 3M to help make their
lives better. 3M's brands include Scotch, Post-it, Scotchgard,
Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving
customers in more than 200 countries around the world, the
company's 67,000 people use their expertise, technologies and
global strength to lead in major markets including consumer and
office; display and graphics; electronics and telecommunications;
safety, security and protection services; health care; industrial
and transportation. 3M, Scotch, Post-it, Scotchgard, Thinsulate,
Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M.
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