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
