3M, Avery to Renegotiate Office Products Deal

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. Earlier this month, U.S. Department of Justice (Justice Department) 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.” Justice Department also...

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