3M explores $3.5 billion sale of food safety unit – Bloomberg News

FILE PHOTO: The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi

(Reuters) – 3M Co MMM.N is working with advisers on the sale of its food safety business, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

The unit could fetch about $3.5 billion, the report said.

3M did not immediately respond to a Reuters request for comment.

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