3M, Avery nix office products deal

3M and Avery Dennison have terminated their agreement for 3M to purchase Avery’s office and consumer products business. The $550-million deal came under scrutiny from the U.S. Department of Justice (DOJ; Washington) last month, with the companies saying they would attempt to renegotiate the deal in an attempt to resolve DOJ’s antitrust concerns. Avery Dennison says it will continue to pursue a sale of the...

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