"We are pleased that the U.S. government's pre-merger anti-trust review of our pending acquisition of Paxar was concluded positively on April 20," Scarborough added.
"We are still waiting for clearance from regulatory agencies outside the U.S, which we believe will happen by the end of the second quarter, as well as for approval of the transaction by Paxar's shareholders. Paxar is planning to hold its shareholder meeting early this summer."
"Combining Paxar with Retail Information Services will enable us to compete more effectively in a rapidly evolving and highly fragmented global marketplace."
"The merger of the two companies will allow us to realize significant cost synergies, as well as grow faster by investing more in product innovation and providing even better service to our customers," Scarborough said.
Avery Dennison Corporation
marketing@alchempro.com
