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February 8, 2017

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Takeover deal

US-BASED specialty materials producer Avery Dennison has agreed to buy Yongle Tape Co, a Hebei Province-based specialty tape maker, for US$190 million. The acquisition will close in mid-2017, packaged with additional amounts of up to US$55 million to be paid based on achievement of certain performance targets over the next two years.


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