Sidley Represents Underwriters in Connection With Solventum’s Secondary Offering of Common Stock

Sidley represented Goldman Sachs & Co. LLC and BofA Securities, Inc. as the underwriters in connection with Solventum Corporation’s (Solventum) secondary offering of 8,800,000 shares of its common stock with gross proceeds of approximately US$648 million to 3M Company as the selling shareholder. Solventum is a leading global healthcare company developing, manufacturing, and commercializing a broad portfolio of solutions that leverages deep material science, data science, and digital capabilities to address critical customer and patient needs.

The Sidley deal team was led by Michael Kohler, Istvan Hajdu, and Kostian Ciko (Capital Markets), and included Kunchok Yaklha, Stephanie Yang, and Samayra Siddiqui (Capital Markets); Nicholas Brown, Ryan Kelly, and Patrick Gray (Tax); and David Katz and Benjamin Nager (Securities Enforcement and Regulatory).