Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews. Neogen to Participate in the 43rd Annual William Blair Growth Stock Neogen Corporation develops and markets comprehensive solutions dedicated to food and animal safety, operating with the intention to "Every day, protect the people and animals we care about." Neogen Corporation develops and markets comprehensive solutions dedicated to food and animal safety, operating with the intention to "Every day, protect the people and animals we care about." At the completion of the transaction, NEOGEN will issue a number of shares to 3M shareholders such that 3M shareholders will receive approximately 50.1% of the combined company and existing NEOGEN shareholders will continue to own approximately 49.9% of the combined company. Vivre. By combining our Food Safety business with NEOGEN, we will create an organization well positioned to capture long-term profitable growth. "The heightened global focus on food security, sustainability and supply chain solutions around the world presents exciting opportunities for NEOGEN to be positioned as an innovative leader at the forefront of the growth and digitization of the industry. Change preferences. Pro forma company expected to have stronger growth through substantial cross synergies in product innovation, sales, marketing, distribution and production; an EBITDA margin profile of approximately 30% and increased exposure to higher growth, lower volatility Food Safety end-markets which will represent approximately 70% of total revenue. Based on the final exchange ratio, 3M currently expects to accept for exchange approximately 15,989,536 shares of 3M common stock if the exchange offer is fully subscribed. LANSING, Mich., Dec. 22, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) will issue its second-quarter earnings release before the opening of the market on Thursday, January 5, 2023. May 30, 2023 Neogen Corporation develops and markets comprehensive solutions dedicated to food and animal safety, operating with the intention to "Every day, protect the people and animals we care about." All rights reserved. Investor Relations | Neogen See. . We build or fund platforms with impact. If you experience any issues with this process, please contact us for further assistance. The Boards of Directors of both NEOGEN and 3M have unanimously approved the transaction. Portfolio results are unaudited and based on varying investment expiration dates. For more information about the exchange offer, please contact the information agent, Georgeson LLC, at 1290 Avenue of the Americas, 9th Floor, New York, NY 10104 or at the telephone number 888-607-6511 (toll-free in the United States). Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. Companion Animal Genetic Traits & Conditions. By submitting my details to Neogen, Iagreeto the site, Companion Animal Genetic Traits & Conditions. Goldman Sachs & Co. LLC is serving as exclusive financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to 3M. The transaction is expected to close by the end of Q3 2022, subject to approval by NEOGEN shareholders, receipt of required regulatory approvals and the satisfaction of other customary closing conditions. These forward-looking statements are based on Neogen and 3M's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from Neogen and 3M's current expectations. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the company's most recentlyfiledForm10-K. 620 Lesher PlaceLansing, MI 48912 USA800.234.5333(USA), Terms | Privacy | Modern Slavery Statement | Accessibility. Neogen Chemicals Limited 1002, Dev Corpora, Cadbury Junction, Eastern Express Highway, Thane (W) 400 601, India. You can sign up for additional alert options at any time. Investor Contacts. Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Twitter @3M or @3MNews. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE SPINCO REGISTRATION STATEMENT, NEOGEN REGISTRATION STATEMENT, 3M SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS THAT ARE MADE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT NEOGEN, 3M, SPINCO AND THE PROPOSED TRANSACTION. 3M Sets Final Exchange Ratio in Split-Off Exchange Offer in Connection with Neogen Transaction, Caution Concerning Forward-Looking Statements, https://www.prnewswire.com/news-releases/3m-sets-final-exchange-ratio-in-split-off-exchange-offer-in-connection-with-neogen-transaction-301614127.html, SDS, RDS, More Regulatory & Compliance Information. St. Paul, MN 55144-1000 The brands listed above are trademarks of 3M. Neogen Corporation develops and markets comprehensive solutions dedicated to food and animal safety, operating with the intention to "Every day, protect the people and animals we care about." Investor Meet & Presentation. Please continue to the site for all other users. John Adent Presentation materials will be posted to the Neogen Investor Relations website on the morning of June 6. At 3M, we promise to treat your data with respect and will not share your information with any third party. View original content to download multimedia: Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the company's most recentlyfiledForm10-K. 620 Lesher PlaceLansing, MI 48912 USA800.234.5333(USA), Terms | Privacy | Modern Slavery Statement | Accessibility. . The SpinCo Registration Statement, Neogen Registration Statement, 3M Schedule TO and other documents relating to the proposed transaction (as they become available) can also be obtained free of charge from the SEC's website at www.sec.gov. LANSING, Mich., May 30, 2023 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that the Company will participate in the 43 rd Annual William Blair Growth Stock Conference in Chicago, Illinois, on Tuesday, June 6, 2023. Any forward-looking statements speak only as of the date of this communication. Neogen Chemicals Limited 1002, Dev Corpora, Cadbury Junction, Eastern Express Highway, Thane (W) 400 601, India. 3M's Food Safety business will fund to 3M consideration valued at approximately $1 billion, subject to closing and other adjustments. Neogen to Participate in the 43rd Annual William Blair - BioSpace By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Neogen Corporation. For details of these risks and uncertainties please see the documents 3M files with the Securities and Exchange Commission. ANNUAL REPORTS. , Neogen's President and Chief Executive Officer, will present at . The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. PAUL, Minn., Dec. 14, 2021 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) and 3M (NYSE: MMM) announced today that they have entered into a definitive agreement pursuant to which 3M will separate its Food Safety business and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders f. Stock Price data may be delayed up to 15 minutes. Creates a pure play Food Security company with pro forma revenue of approximately $1 billion and Adjusted EBITDA of approximately $300 million expected in its first full year post-closing. The second quarter marked the 122nd of the past 128 quarters that Neogen reported revenue increases compared to the same quarter in the prior year. 620 Lesher Place, Lansing, MI 48912 ir@NEOGEN.com. Change preferences. Under the terms of the definitive agreements, which involve a tax-free "Reverse Morris Trust" structure, existing NEOGEN shareholders will continue to own approximately 49.9% of the combined company, and 3M shareholders will receive approximately 50.1% of the combined company. Corporation (NASDAQ: NEOG) announced today that the Company will participate in the 43 Neogen to Participate in the 43rdAnnual William Blair Growth Stock Register (United States and Canada only). United Kingdom - English (United Kingdom). Science, Technology & Innovation CommitteeCharter. The transaction is intended to be tax-efficient to 3M and 3M's shareholders for U.S. federal income tax purposes. Shareholding Pattern. John Adent, Neogen's President and Chief Executive Officer, will present at 4:00 p.m. Central Time. Neogen to Participate in the 41st Annual J.P. Morgan Healthcare Conference Your cart will not be moved to the selected region. The Company's Food Safety segment markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases, and sanitation concerns. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transaction, may require conditions, limitations or restrictions in connection with such approvals or that the required approval by the stockholders of NEOGEN may not be obtained; (2) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by NEOGEN, 3M and SpinCo, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transaction; (4) uncertainty of the expected financial performance of the combined NEOGEN SpinCo company following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the businesses of NEOGEN and SpinCo, on the expected timeframe or at all; (6) the ability of the combined NEOGEN-SpinCo company to implement its business strategy; (7) difficulties and delays in the combined NEOGEN-SpinCo company achieving revenue and cost synergies; (8) inability of the combined company to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) the risk that stockholder litigation in connection with the proposed transaction or other litigation, settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (11) evolving legal, regulatory and tax regimes; (12) changes in general economic and/or industry specific conditions; (13) actions by third parties, including government agencies; (14) the risks that the anticipated tax treatment of the proposed transaction is not obtained; (15) the risk of greater than expected difficulty in separating the business of SpinCo from the other businesses of 3M; (16) risks related to the disruption of management time from ongoing business operations due to the pendency of the proposed transaction, or other effects of the pendency of the proposed transaction on the relationship of any of the parties to the transaction with their employees, customers, suppliers, or other counterparties; and (17) other risk factors detailed from time to time in NEOGEN and 3M's reports filed with the SEC, including NEOGEN and 3M's annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC, including documents that will be filed with the SEC in connection with the proposed transaction. Neogen to Participate in the 43rd Annual William Blair Growth Stock Neogen's Animal Safety segment is a leader in the development of genomic solutions along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care, and disinfectants, as well as rodent and insect control solutions. Companion Animal Genetic Traits & Conditions. By signing up you agree to receive content from us. LANSING, Mich. The company's Food Safety segment markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases, and sanitation concerns. United Arab Emirates - English (United States), United Kingdom - English (United Kingdom), Dominican Republic - English (United States), Trinidad and Tobago - English (United States), Neogen Announces Third-Quarter 2023 Results, Neogen Announces Second-Quarter 2023 Results, Neogen to Participate in the 43rd Annual William Blair Growth Stock Conference, Neogen Announces Third-Quarter Earnings Release Date, Neogen to Participate in the 41st Annual J.P. Morgan Healthcare Conference, Neogen Announces Second Quarter Earnings Release Date. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. Forward-looking statements relate to future events and typically address 3Ms expected future business and financial performance. What is DehydraTECH and how is it revolutionizing solutions in cannabis and alcohol-free beverages? Powered by Madgex Job Board Software, neogen.com/investor-relations/events-presentations, https://www.prnewswire.com/news-releases/neogen-to-participate-in-the-43rd-annual-william-blair-growth-stock-conference-301837749.html. All rights reserved. All Rights Reserved. 3M - 3M Sets Final Exchange Ratio in Split-Off Exchange Offer in They may contain forward-looking information about 3Ms financial results, estimates and business prospects that involve substantial risks and uncertainties that could cause actual results to differ materially. Don't have an account? As a result, 3M stockholders who tender shares of 3M common stock in the exchange offer will receive approximately 6.7713 shares of Neogen common stock (subject to the receipt of cash in lieu of fractional shares) for each share of 3M common stock accepted for exchange. No. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Governance Resources News Details View all Press Releases 3M Finalizes Separation of its Food Safety Business and Merger of the Business with Neogen; Accepts Shares Tendered in Exchange Offer September 1, 2022 ST. Announcements. If the exchange offer is consummated but not fully subscribed, 3M will distribute the remaining shares of SpinCo common stock on a pro rata basis to 3M stockholders as of 5:00 p.m. Eastern time on August 31, 2022 whose shares of 3M common stock remain outstanding after the completion of the exchange offer. LANSING, Mich., May 30, 2023 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that the Company will participate in the 43rd Annual William Blair Growth Stock Conference in Chicago, Illinois, on Tuesday, June 6, 2023. Neogen to Participate in the Piper Sandler 34th Annual Healthcare Conference. Neogen to Participate in the 43rd Annual William Blair Growth Stock View the, neogen.com/investor-relations/events-presentations, https://www.prnewswire.com/news-releases/neogen-to-participate-in-the-43rd-annual-william-blair-growth-stock-conference-301837749.html, @ the Bell: Markets firm following debt ceiling deal, @ the Bell: TSX Slides deeper into the red. 224-1 W-02, St. Paul, MN 55144, or by e-mailing investorrelations@3M.com or upon written request to Neogen's Investor Relations, 620 Lesher Place, Lansing, Michigan 48912 or by e-mailing ir@neogen.com.
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