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

Solventum

25/02/2025 19:17

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;))