The 3M symbol is seen at its international headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi

Dec 14 (Reuters) – Industrial large 3M Co (MMM.N) will independent its food basic safety company and merge it with Neogen Corp (NEOG.O) in a $5.3 billion offer, such as new credit card debt, the foodstuff tests and animal healthcare professional reported on Tuesday.

The merged business, in which 3M will have 50.1%, is anticipated to have an enterprise worth of about $9.3 billion, Neogen said.

3M, which makes everything from Post-It notes to industrial sandpaper, will receive about $1 billion, subject to deal closing and other adjustments.

Reporting by Aishwarya Nair in Bengaluru Editing by Sriraj Kalluvila

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