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Avery Dennison to Acquire Paxar for $1.3 Billion

Avery Dennison Corporation will acquire all outstanding shares of Paxar Corporation for $30.50 per share in a cash transaction valued at approximately $1.34 billion. The transaction is expected to enhance Avery Dennison's ability to compete and grow in the fragmented, expanding $15 billion-plus global retail information and brand identification market. The two companies will develop an integration plan that retains the best systems and people from both organizations.

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