NYSE:MMMIndustrials
3M Reshapes Portfolio With Divestiture Review And Footprint Cuts
3M (NYSE:MMM) is undergoing a major transformation that includes a review of about 10% of its operations for possible divestitures.
The company is also planning meaningful cuts to its factory and distribution center footprint as part of a broader effort to improve efficiency.
These moves follow recent earnings and represent a shift in how 3M wants to shape its core business going forward.
For investors looking at 3M today, the headline number is the share price around $153.16, but the...