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3M Shares Hit 8½-Year High After $7.35 Billion Settlement

The deal involves lawsuits from people who alleged they were harmed by the company's “forever chemicals.”

A firefighting foam nozzle rests on a wet concrete training apron / TokenPost.ai
A firefighting foam nozzle rests on a wet concrete training apron / TokenPost.ai

3M shares reached an 8½-year high Wednesday after agreeing to a $7.35 billion deal involving lawsuits over alleged harm from its “forever chemicals.”

The lawsuits were brought by people who alleged they were harmed by the chemicals.

The settlement is valued at $7.35 billion.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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