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3M to pay $7.35 billion to settle PFAS firefighting foam damage claims

Investing.com +2 · ·by G4L

MMM 3M Co
$189.37 +0.39%
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  1. 13M has agreed to pay $7.35 billion to settle PFAS foam damage claims spanning nine years.
  2. 23M will record a pre-tax expense of $5.8 billion, representing the present value of the Q4 payment.
  3. 3This settlement covers 99% of 3M's current claims.

So what's the key point?

3M has agreed to pay $7.35 billion in compensation for damages caused by firefighting foam. This settlement resolves 99% of the currently ongoing claims.

Source Investing.com +2 · View original ↗

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