3M Still Pursuing Avery Dennison Purchase Despite Department of Justice Antitrust Lawsuit Threat
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3M and Avery Dennison quickly responded, stating that the department's release was incorrect and that both companies fully intend to complete the deal. "In light of concerns about the transaction raised by the DOJ, the companies have voluntarily withdrawn the notification and report forms filed under the Hart-Scott-Rodino Act," they said in a joint statement, adding that they are working together to "address the DOJ's concerns, obtain regulatory approval, and complete a transaction between the parties."
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- Companies:
- Avery Dennison
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Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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