Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Nov 5 3:59 PM EST

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To: richardred who wrote (2355)	9/9/2010 3:52:46 PM
From: richardred	Read Replies (1) of 7242

3M Pays $810M for Arizant, High-Tech Hospital Gowns By Tiernan Ray Shares of 3M (MMM) are up 82 cents, or 1%, at $83.57 after the company this morning said it would purchase privately held Arizant of Eden Prairie, Minnesota for $810 million in cash. Arizant makes special gowns for patients in operating rooms that can control body temperature more effectively than blankets and other approaches, in order to, among other things, avoid the risk of hypothermia. 3M in its press release says the worldwide market for “patient warming” is $1 billion, with the sub-segment of “forced air” warming expected to increase 10% per annum. FBR Capital’s Ajay Kejriwal this morning notes that this is the third acquisition in two weeks for 3M, following on the purchase of biometric security maker Cogent and monitoring technology maker Attenti Holdings, for a total so far of $1.5 billion spent. blogs.barrons.com

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