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Activist investor grows stake in 3M spinoff Solventum

Summary by Pioneer Press
An activist investment fund is growing a major stake in 3M’s new publicly-traded health care spinoff, Solventum, with the goal of “simplifying” the Maplewood company’s wide-ranging portfolio of businesses. “Trian is one of the largest shareholders of Solventum … (and) has long admired 3M Health Care, recognizing that the division had consistently been one of the best performing businesses inside of 3M,” reads a statement issued Monday by Trian F…
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Maplewood, MinnesotaMaplewood, Minnesota

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