11/15, 3M Co.: 3M Co.’s board of directors has authorized the repurchase of up to $10 billion of its outstanding common stock, replacing the company’s existing repurchase program.
11/14, Consolidated Lumber-American Construction Source: American Construction Source, a portfolio company of Angeles Equity Partners LLC and Clearlake Capital Group LP, has acquired Arrow Building Center, also known as Consolidated Lumber Co.
11/14, Smiths Medical Inc.-shareholders: Smiths Group said it plans to spin off its health care business to focus on industrial technology after a deal to merge with ICU Medical fell through.
11/15, Schwan’s Shared Services LLC-CJ CheilJedang Corp.: South Korean food company CJ CheilJedang Corp. will acquire a majority stake in Schwan’s Shared Services LLC.
11/15, Polar Plastics Inc.-Spell Capital: Spell Capital Partners has added Polar Plastics, a manufacturer of plastic sheeting products, to its private-equity portfolio.