M agreed to a nearly $300 million settlement related to water pollution and forever chemicals known as PFAS.Environmental damage and big legal settlements often spook investors. This deal was good news,

M will pay the state of New Jersey up to $450 million through the next 25 years to settle claims of PFAS contamination. The Maplewood-based manufacturer sold the “forever chemicals” to the DuPont Chambers Works facility in the Garden State for many years.

The state claimed “forever chemicals,” also known as PFAS, contaminated groundwater from an industrial park where they were used for decades.