3M makes $448m. bid for abrasives manufacturer Winterthur

By Jessica Roberts
Published: Tuesday, 07 December 2010

Global materials group offers $63.56 per share for Swiss abrasives company

Materials development group 3M has offered $448m. to acquire Switzerland-based abrasive tool manufacturer, Winterthur Technologie AG, in a move to expand its existing abrasives division.

 

3M’s acquisition, which values Winterthur shares at $63.56 each, has been...

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