BUZZ-Solventum has best day ever on $4.1 billion sale of purification and filtration unit

Reuters
26 Feb
BUZZ-<a href="https://laohu8.com/S/SOLV">Solventum</a> has best day ever on $4.1 billion sale of purification and filtration unit

Updates

** Shares of medical device maker Solventum SOLV.N rise as much as 11.4% to $84.97, the highest since its spin off from 3M MMM.N

** Stock set for its best day ever, if gains hold

** Co says Thermo Fisher TMO.N will buy its purification and filtration business for about $4.1 billion in cash

** The transaction is expected to be completed by the end of 2025

** Including session's gain, SOLV up 4.3% since close on March 26, 2024, after spin off from 3M

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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