U.S. Markets closed

Avery Dennison says will continue to pursue unit divestiture

Avery Dennison (AVY) and 3M Company (MMM) announced last night that they have terminated the agreement under which 3M would have purchased Avery Dennison’s Office and Consumer Products business. Avery Dennison said it will continue to pursue a divestiture of the Office and Consumer Products business, while 3M said it is "disappointed with this turn of events."