Post-it notes maker 3M Co said its board opposed a proposal by shareholder James McRitchie to allow investors holding enough shares to take a particular action through written consent without putting it to a vote. McRitchie and his shareholder activist ally John Chevedden proposed that such actions be approved without prior notice to other stockholders or the company, 3M said in a letter to stockholders. (r.reuters.com/seq58v)
3M Company (3M) is a diversified technology company. Shares of MMM fell by 0.7% or $-0.93/share to $132.22. In the past year, the shares have traded as low as $102.89 and as high as $140.43. On average, 2986860 shares of MMM exchange hands on a given day and today's volume is recorded at 972897.
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