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

3M MMM and Avery Dennison Corp. 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 In light of concerns about the transaction raised by the DOJ, the companies have voluntarily withdrawn the notification and report forms filed under the Hart-Scott-Rodino Act.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