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Wednesday, October 3, 2012

3M drops plan to purchase Avery-Dennison's office products business, (NYSE: MMM)

3M Co said it terminated its deal to purchase Avery-Dennison Corp's office and consumer products business. The U.S. Justice Department had in September threatened a lawsuit to block the $550 million deal over antitrust concerns.

3M Company (3M) is a diversified technology company. Shares of MMM traded higher by 0.26% or $0.24/share to $93.78. In the past year, the shares have traded as low as $71.01 and as high as $94.30. On average, 2876120 shares of MMM exchange hands on a given day and today's volume is recorded at 2607040.



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