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3M (MMM) announces the purchase of the Office and Consumer Products business of Avery...

3M (MMM) announces the purchase of the Office and Consumer Products business of Avery Dennison (AVY +4%) for $550M in cash. On a non-GAAP basis, 3M estimates the purchase will be accretive to earnings by $0.03 in the 12 months following the closing (expected in H2). (PR)
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