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Avery Dennison Corporation (AVY)

  • Jan. 30, 2013, 8:03 AM
    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)
    | Jan. 30, 2013, 8:03 AM | Comment!
  • Sep. 19, 2012, 9:28 AM
    3M (MMM) is working to overcome the DOJ's antitrust concerns about the company's proposed $550M purchase of the office products unit of Avery-Dennison (AVY), 3M CFO David Meline tells investors. Earlier this month, the DOJ threatened to go to court to block the acquisition.
    | Sep. 19, 2012, 9:28 AM | 1 Comment
  • Sep. 5, 2012, 10:45 AM
    Conflicting with earlier statements by both companies, the DOJ says 3M (MMM +0.1%) has in fact abandoned its planned acquisition of Avery Dennison's (AVY -0.7%) office and consumer-products business after the Feds promised to aggressively follow through on their antitrust lawsuit. The agency asserted that the deal would have harmed competition in the sale of labels and sticky notes. Company representatives have not yet released any official confirmation.
    | Sep. 5, 2012, 10:45 AM | 1 Comment
  • Sep. 5, 2012, 8:57 AM
    3M (MMM) said late yesterday that it's not abandoning its $550M acquisition of Avery Dennison's (AVY) office products unit after the DOJ said earlier that the companies were dropping the deal due to threats of litigation from antitrust authorities. 3M said the firms are studying how to address the DOJ's concerns, which consist of lower competition in the market for labels and sticky notes.
    | Sep. 5, 2012, 8:57 AM | Comment!
  • Sep. 4, 2012, 4:03 PM
    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.
    | Sep. 4, 2012, 4:03 PM | Comment!
  • Jan. 3, 2012, 8:18 AM
    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)
    | Jan. 3, 2012, 8:18 AM | Comment!
Company Description
Avery Dennison Corp is engaged in the production of pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products.