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Feds could block 3M-Avery Dennison deal

The U.S. Department of Justice may step in on a multi-million dollar deal that would combine two of the largest label makers in the world.
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3M's purchase of Avery Dennison Corporation's office product unit could bring on a lawsuit by the U.S. Justice Department if the companies don't abandon the transaction, Bloomberg reports. The $550 million deal would combine the two largest label makers in the world. It is not clear why the agency wants to block the deal.

The Maplewood-based firm also made headlines Tuesday for completing its acquisition of Federal Signal Technologues Group, a company that makes electronic toll collection and parking management hardware, according to the Pioneer Press.

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