Takeover deal
February 8, 2017, Wednesday
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Print Edition
Print Edition
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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