Market Overview

3M and Avery Dennison Terminate Agreement for Purchase of Office and Consumer Products Business; 3M Says Disappointed with Turn of Events

3M (NYSE: MMM) and Avery Dennison Corp. (NYSE: AVY) have terminated the definitive agreement under which 3M would have purchased Avery Dennison's Office and Consumer Products business, the two companies announced today.

“While we are disappointed with this turn of events, we remain focused, as always, on investing in product innovation and providing our customers with a broad range of premier products,” said Jesse Singh, vice president and general manager, 3M Stationery and Office Supplies Division.

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