3M in $1.35 Billion CUNO Acquisition
May 16, 2005
May 16, 2005
Cleary Gottlieb is representing 3M in connection with its pending acquisition of CUNO Inc. The all cash merger is valued at approximately $1.35 billion including the assumption of $60 million of existing net debt.
3M is a global diversified technology company. Well-known 3M brands include Scotchgard fabric protectors, Post-it Notes, Scotch-Brite scouring products, and Scotch tapes. CUNO is a leading producer of filtration devices, particularly for the health care, fluid-processing, and potable-water markets.