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Solventum Stock Jumps

Solventum Stock Jumps After $4.1B Deal With Thermo Fisher

Key Takeaways Shares of Solventum rose Tuesday after the company agreed to sell its filtration and purification business to medical device maker Thermo Fisher Scientific for $4.1 billion.Solventum Chief Executive Officer Bryan Hanson said the move is part of a transformation plan for the company,

Star Tribune · 3d

Minnesota's Solventum sells purification business to Thermo Fisher for $4.1 billion

M health care spinoff Solventum is selling its purification business to Thermo Fisher Scientific for $4.1 billion in cash to pay down its billions in outstanding debt. Solventum CEO Bryan Hanson said in a news release that the sale,

GEN · 7h

Thermo Fisher Scientific Agreed to Acquire Solventum’s Purification and Filtration Business

The addition of Solventum’s business provides a strategic fit with Thermo Fisher and will create value for customers, according to Marc N. Casper, chairman, president, and CEO of Thermo Fisher.

13h

Solventum: Q4 EPS Beats, Cash Flow Dips

Adjusted EPS for the quarter came in at $1.41 against an anticipated $1.31 and revenue of $2.074 billion exceeded the expected $2.050 billion. Despite this, its adjusted free cash flow fell ...

MassDevice15h

Solventum beats The Street in Q4 — but stock is down

Solventum (NYSE:SOLV) yesterday announced fourth-quarter results that came in ahead of the consensus forecast on Wall Street.

Trian ‘commends’ Solventum on Filtration unit sale, sees cost cut opportunities

Trian Fund Management, which beneficially owns about 5% of Solventum (SOLV) and is the company’s largest active shareholder, commented on ...

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Solventum Stock Jumps

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