3M in $1.35 Billion CUNO Acquisition
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.