The DOJ is seeking to block 3M's (MMM -1%) $550M takeover of Avery Dennison’s (AVY -5.2%)...

|About: 3M Company (MMM)|By:, SA News Editor

The DOJ is seeking to block 3M's (MMM -1%) $550M takeover of Avery Dennison’s (AVY -5.2%) office-products unit, threatening a lawsuit if it doesn't abandon the transaction. The agency is ready to move to block the merger as soon as the end of this week. As it stands, the deal - which was announced over eight months ago - would combine the two largest label makers in the world.