US multinational conglomerate 3M said that its board has approved the planned spin-off of its health care business, which will be known as Solventum Corporation. The company, active in the fields of industry, worker safety, healthcare, and consumer goods, is anticipated to spin off from 3M on April 1, 2024, and has applied to list on the New York Stock Exchange as “SOLV. “According to the company, Holders of 3M common stock will be entitled to receive one share of Solventum common stock for every four shares of 3M common stock held at the close of business on March 18, 2024, the record date fo…