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.