3Mhas successfully completed itssplit-off exchange offerfor 3M common stock in connectionwith the previously announced separationof 3M's food safety business and closing of the merger ofGarden SpinCo Corp.、3 m公司子公司控股食品安全业务ss, with a subsidiary ofNeogen Corp.
Pursuant to the merger, SpinCo is now a wholly-owned subsidiary of Neogen.
"We believe our Food Safety business will be well positioned with Neogen, and we are pleased to close the transaction," said Mike Roman, 3M chairman and chief executive officer.
"By building a global innovator in food safety, the business will bring customers a broader offering of technologies and solutions, while unlocking greater value for shareholders."
3M employees globally who primarily supported 3M's food safety business will transition with the business in conjunction with the divesture. The transaction included dedicated food safety manufacturing operations located in Bridgend, UK.
