Solventum (SOLV), the healthcare company that 3M (MMM) spun off earlier this year, is exploring a sale of its purification and filtration business, the Wall Street Journal reported Thursday, citing people familiar with the matter.
The unit makes products that help filter commercial and residential water, and it's expected to receive interest from private equity and strategic buyers, according to the people.
Solventum did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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