EXHIBIT 99.1
FOR IMMEDIATE RELEASE Contact: Mary Auvin, 3M
(651) 736-2597
or
Robert L. Knabel
Robinson Nugent, Inc.
(812) 945-0211
3M, Robinson Nugent Announce Acquisition Timetable
ST. PAUL, Minn., and NEW ALBANY, Ind. - January 12, 2001 - 3M and Robinson
Nugent, Inc., announced today that the Form S-4 registration statement filed
with the Securities and Exchange Commission in relation to 3M's pending
acquisition of Robinson Nugent, Inc. has been declared effective by the SEC.
A special meeting of Robinson Nugent shareholders is scheduled to be held
at the Holiday Inn Lakeview, 505 Marriott Drive, Clarksville, Ind., Thursday,
Feb. 15, 2001, at 10 a.m. local time. The record date for shareholders entitled
to vote at the special meeting is Jan. 11, 2001. The acquisition is expected to
close shortly after the special meeting of shareholders, assuming shareholder
approval. 3M and Robinson Nugent intend to begin mailing the proxy
statement/prospectus to Robinson Nugent shareholders on Jan. 17, 2001.
The statements contained in this press release that are not purely
historical are forward-looking statements, including statements regarding 3M's
and Robinson Nugent's expectations, beliefs, hopes, intentions or strategies
regarding the future. All forward-looking statements included in this press
release are based upon information available to the companies as of the date
hereof, and the companies assume no obligation to update any such
forward-looking statement.
FROM:
3M Media Relations Robinson Nugent, Inc.
3M Center, Building 225-01-S-15 800 E. Eighth St.
St. Paul, MN 55144-1000 New Albany, IN 47151
(651) 733-8805 (812) 945-0211
