Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusiness3M stock surges 4 percent on reported $5.5 billion earplugs lawsuits settlement

3M stock surges 4 percent on reported $5.5 billion earplugs lawsuits settlement

Add to Favorite
Added to Favorite


3M (NYSE:MMM) shares gained more than 4% intra-day today following reports that the company reached an agreement to pay over $5.5 billion to resolve more than 300,000 lawsuits that allege its combat earplugs, sold to the U.S. military, were faulty. While the official announcement is awaited, BofA analysts suggest that this settlement would significantly benefit 3M, falling at the lower end of estimated values based on initial reports. Earlier projections, such as those from Barclays, anticipated a settlement cost of at least $8 billion for 3M.
According to the analysts, the proposed settlement of $5.5 billion is notably less than the range of $10-15 billion suggested by experts quoted in the Wall Street Journal. However, they noted that investor expectations were in the $5-7 billion range, making this settlement align with the lower end of those expectations.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Wheaton Precious Metals Corp. (NYSE:WPM) Financial Overview

Earnings Per Share (EPS) for Q3 2024 stood at...

NRG Energy, Inc. (NYSE:NRG) Stock Price Target Shows Positive Trend

The consensus price target for NRG Energy, Inc. (NYSE:NRG)...

Xeris Biopharma Holdings, Inc. (NASDAQ:XERS) Overview

The consensus price target for Xeris Biopharma's stock has...

Block Shares Fall 2 percent as Q3 Revenue Misses Estimates

Block (NYSE:SQ) saw its shares decline by around 2%...