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3M and Avery Dennison Respond to DOJ Announcement Regarding Proposed Transaction

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3M (NYSE: MMM) and Avery Dennison Corp. (NYSE: AVY) issued the following
statement in response to a news release from the U.S. Department of
Justice (DOJ) regarding 3M's proposed acquisition of Avery Dennison's
Office and Consumer Products business:

“3M and Avery Dennison have not terminated the purchase agreement
governing the transaction. In light of concerns about the transaction
raised by the DOJ, the companies have voluntarily withdrawn the
notification and report forms filed under the Hart-Scott-Rodino Act.

The companies continue to believe the transaction would benefit
customers and consumers. 3M and Avery Dennison are committed to working
together to explore options to address the DOJ's concerns, obtain

See full press release

Posted-In: News Guidance

 

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