3M to Acquire the Office and Consumer Products Business of Avery Dennison Corp.
Acquisition extends 3M's footprint in office, education and consumer categories; broadens array of leading brands.
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On a GAAP-reported basis, 3M estimates the acquisition will be approximately $0.06 dilutive to earnings per share in the first 12 months following closing. Excluding purchase accounting adjustments and anticipated integration expenses, 3M estimates the acquisition will be $0.03 accretive to earnings over the same period.
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- Companies:
- 3M Promotional Markets Department
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