https://www.fool.com/investing/2019/05/03/3m-applies-a-band-aid-after-a-difficult-first-quar.aspx
The timing of the deal is eye-catching for several different reasons. Not only did it come just days after 3M's earnings release, but it also follows Acelity's April filing for an initial public offering (IPO). Given the excitement for IPOs in the current market, 3M presumably had to offer an attractive premium to get the target's owners to forgo an offering.