"Solventum: 3M's Healthcare Spinoff Makes Waves as a Fortune 500 Company"
3M has completed the spin-off of its healthcare business, officially launching Solventum Corporation as an independent company listed on the New York Stock Exchange as SOLV. Holders of 3M common stock received one share of Solventum common stock for every four shares of 3M common stock held. 3M retained 19.9% of the outstanding shares of Solventum common stock, which will be monetized within five years following the spin-off. The distribution is generally intended to be tax-free to 3M shareholders for U.S. federal income tax purposes.