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Wednesday, Jan 30
Avery Dennison (AVY) agrees to sell its Office & Consumer Products and Designed &...
Avery Dennison (AVY) agrees to sell its Office & Consumer Products and Designed & Engineered Solutions businesses to Canadian customer CCL Industries for $500M. The deal is part of Avery's strategy to focus on its Pressure-sensitive Materials and Retail Branding & Information Solutions operations. Avery plans to use the cash to repurchase shares and make an additional pension contribution. (See Avery's earnings) (PR)