in this issue
People & Business :: M&A
3M, Avery to Rework Office Products Deal After Antitrust Issues
9:37 AM MDT | September 5, 2012 | Vincent Valk
3M and Avery Dennison say they are working to renegotiate 3M’s proposed $550-million acquisition of Avery Dennison’s office and consumer products business in light of U.S. antitrust concerns. Last night, the U.S. Department of Justice (DOJ; Washington) issued a statement saying that “the proposed acquisition would have substantially lessened competition in the sale of labels and sticky notes, resulting in higher prices and reduced innovation for products that millions of American consumers use every day.” DOJ also said that the two...
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