Although I've owned
3M (NYSE:
MMM)
for years and have great respect for the company's consistently
excellent returns, I nevertheless was not too impressed with the
acquisitions
announced under former CEO Buckley's tenure. By and large, I thought
the company was too cautious and too focused on uninspiring tuck-in
deals. It looks, though, like current CEO Thulin is much more willing to
push the envelope, and the company's acquisition of
Ceradyne (Nasdaq:
CRDN) looks like
the sort of deal that could quietly pay off very well in the years to come.
Please read more here:
http://www.investopedia.com/stock-analysis/2012/3M-Takes-On-A-Little-Risk-For-A-Potentially-Great-Deal-MMM-CRDN-AVY1001.aspx
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