A local business is undergoing significant changes due to activist pressure. Solventum, a company based in Eagan, is divesting a billion-dollar business. This move comes after activist investor Trian pushed for changes, including the divestiture.
Solventum is a spinoff of 3M, a well-known company in the area. Further details about the divestiture and its implications are available from the Star Tribune, which reported on the development.
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Activist investor Trian had been pushing the 3M spinoff to make changes, including the divestiture.
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