- 3M (MMM) is launching a new $12B buyback program. The program replaces 3M's existing authorization, and is good for repurchasing 14% of outstanding shares at current levels.
- 3M spent $5.2B on buybacks in 2013, and $1.7B just in Q4. Will new debt be issued to pay for additional repurchases? 3M ended Q4 with $4.9B in cash/investments, and $6B in debt.
From other sites
at CNBC.com (Mar 25, 2015)
at CNBC.com (Mar 23, 2015)
Video at CNBC.com (Mar 23, 2015)
Video at CNBC.com (Jan 27, 2015)
at CNBC.com (Jan 13, 2015)
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