Go Symbol Lookup
Loading...

>> View AllResults for ""

 Enter multiple symbolsseparated by commas

 London quotes now available

Mergers and Acquisitions

3M to Buy Aearo Technologies for $1.2 Billion

 Text Size  
Published: Thursday, 15 Nov 2007 | 8:30 AM ET
By: Reuters

3M, which makes products ranging from Scotch tape to optical films for liquid crystal displays, Thursday said it agreed to buy Aearo Technologies, a maker of personal protection and energy absorbing products, for $1.2 billion.

The deal for Aearo, which is owned by funds advised by private equity firm Permira and company management, will be financed through a combination of cash and other borrowings, 3M, said in a statement.

3M said the deal does not affect its 2007 profit forecast as it is not expected to close until the first quarter of 2008.

 Print
3M, which makes products ranging from Scotch tape to optical films for liquid crystal displays, Thursday said it agreed to buy Aearo Technologies, a maker of personal protection and energy absorbing products, for $1.2 billion.
  Price   Change %Change
MMM ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters
Preview Comment

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            

                Edit Comment
            

            

                Submit Comment
            

        
         
    
  





	    

	

    

        
        

            

            

        

         



    


	

	

	



			

			


			

			

	        	    	    	    	    		    		    		    	        
	    
    

    	        	


		    
    		Private Equity
	    
    

                
 
	
    
        
                		        
  • 
	        		            	
	




    
	
    
											
					UPDATE 1-Hedge funds selling gold after propping market a month ago							
			
    
	
			
    *Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	




    
	
    
											
					Hedge funds back to selling gold after propping market a month ago							
			
    
	
			
    *Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	




    
	
    
											
					SAC Capital won't cooperate unconditionally with government -letter							
			
    
	
			
    NEW YORK, May 17- Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate unconditionally with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion hedge fund did not elaborate but said it believes the next few months will be critical in the investigation.
    
	
		
	
	
    	            	        
    •