CORRECTION: 3M Authorizes Additional $6B Stock Buyback, Bringing Total Share Repurchase Capacity To $7.5B
The 3M Board of Directors (NYSE:MMM) today authorized the repurchase of up to $6.0 billion of 3M's outstanding common stock, in addition to the remaining $1.5 billion available under the company's existing 2025
3M said it will buy back more of its own stock, up to $6 billion. When a company buys its own stock, it can mean leaders think the company is underpriced right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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