3M MMM is set to acquire Switzerland's Winterthur for $448 million.
TheStreet reports>, "3M estimates the acquisition to be slightly dilutive to GAAP earnings in the first 12 months following the completion of the deal, but slightly accretive if purchase accounting adjustments and integration expenses are excluded."
The completion of the acquisition is expected in 1Q11.
MMM closed Friday at $86.94.
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