3M Authorizes Share Repurchase
15 November 2000
3M Authorizes Share RepurchaseST. PAUL, Minn., Nov. 15 3M's Board of Directors has authorized the repurchase of up to 10 million shares of the company's stock, effective Jan. 1, 2001, to Dec. 31, 2001. Reacquired shares will be used to support employee stock purchase plans and for other corporate purposes, including acquisitions. (Photo: http://www.newscom.com/cgi-bin/prnh/19990915/MMMLOGO ) As of Sept. 30, 2000, 3M had 394,433,465 common shares outstanding and 130,491 shareholders of record.