Reuters logo
BRIEF-3M to sell indentity management business to Gemalto for $850 mln
December 9, 2016 / 12:35 AM / a year ago

BRIEF-3M to sell indentity management business to Gemalto for $850 mln

Dec 8 (Reuters) - 3M Co :

* 3M to sell identity management business

* Deal for $850 million, subject to closing and other adjustments.

* Upon completion of sale, 3M will record a gain related to transaction

* Says has entered into agreements to sell identity management business within its traffic safety and security division, to Gemalto

* In addition, co will incur various charges as it continues to make investments to drive growth and improve productivity

* Approximately 450 3M employees are expected to transfer to Gemalto with acquisition Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below