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3M to buy Avery Dennisons office products business

Published by Punch on Wed, 04 Jan 2012


BANGALORE: 3M Company added heft to its office supplies business, which includes the iconic Post-it and Scotch brands, with its $550m acquisition of Avery Dennison Corporations office and consumer products unit. The diversified manufacturer said the cash deal would reduce its earnings by about 6 cents a share in the year after the deal closes,
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