3M Completes Ceradyne Acquisition
3M (NYSE: MMM) announced today that it has completed its acquisition of
Ceradyne, Inc. effective as of November 28, 2012, pursuant to the
previously announced merger agreement among Ceradyne, 3M, and 3M's
wholly owned subsidiary, Cyborg Acquisition Corporation, through the
merger of Cyborg Acquisition Corporation with and into Ceradyne. As a
result of the merger, Ceradyne is now a wholly owned subsidiary of 3M.
The combination of Ceradyne and 3M will enable new technologies and
innovation for uniquely tailored materials requiring advanced ceramics.
Ceradyne will join the 3M Advanced Materials Division within 3M's
Industrial Business Group. The 3M Advanced Materials Division provides
valued materials for lightweight solutions and materials for performance
in harsh environments