Today 3M announced “3M Commences Split-Off Exchange Offer for Food Safety Business”. May someone, pls, explain what does it mean for those who hold 3M stocks and never faced with this issue. What will be with stock 3M if holder isn’t agreed to exchange their common 3M stocks? Does it mean that the price of 3M will go down due to part of company’s business is splitting-off?
https://finance.yahoo.com/news/3m-commences-split-off-exchange-164100919.html
Thanks!
