|February 24, 2017||Avery Dennison Prices €500 Million Senior Notes Offering|
|GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 24, 2017--
Avery Dennison Corporation (NYSE: AVY) announced today that it has
priced an underwritten public offering of €500,000,000 aggregate
principal amount of 1.250% Senior Notes due 2025. The Senior Notes were
priced at 99.917% of their principal amount. The offering is expected to
close on March 3, 2017, subject to customary closing conditions.
Avery Dennison intends to use approximately €200 million ... |
|February 06, 2017||Avery Dennison to Acquire Yongle Tape Company Ltd.|
|Chinese manufacturer of high-value industrial tapes is key
supplier to global automotive industry
GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 6, 2017--
Avery Dennison (NYSE:AVY) today announced it has agreed to acquire
Yongle Tape Company Ltd., a manufacturer of specialty tapes and related
products used in a variety of industrial markets, including the global
automotive industry. Yongle Tape will be acquired from the company’s
management and priva... |
|February 02, 2017||Andres A. Lopez Appointed to Avery Dennison Board of Directors|
|GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 2, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced that its board of
directors has appointed Andres A. Lopez a director, effective February
Lopez, 54, is the president, chief executive officer and executive
director of Owens-Illinois, Inc. (NYSE: OI), the world’s largest glass
container manufacturer with $6 billion in revenues and preferred
supplier to many food and beverage bra... |
|February 01, 2017||Avery Dennison Declares Quarterly Dividend|
|GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 1, 2017--
The Board of Directors of Avery
Dennison Corporation (NYSE:AVY) has declared a quarterly cash
dividend of $0.41 per share. The dividend is payable March 15, 2017, to
shareholders of record on March 1, 2017.
About Avery Dennison
Avery Dennison (NYSE: AVY) is a global leader in pressure-sensitive and
functional materials and labeling solutions for the retail apparel
market. The... |
| Investor Relations Contact Information|
|Avery Dennison Corporation|
207 Goode Avenue
Glendale, CA 91203
Phone: (626) 304-2000
Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but not limited to risks and uncertainties relating to the following: fluctuations in demand affecting sales to customers; worldwide and local economic conditions; fluctuations in currency exchange rates and other risks associated with foreign operations, including in emerging markets; the financial condition and inventory strategies of customers; changes in customer preferences; fluctuations in cost and availability of raw materials; our ability to generate sustained productivity improvement; our ability to achieve and sustain targeted cost reductions; the impact of competitive products and pricing; loss of significant contracts or customers; collection of receivables from customers; selling prices; business mix shift; timely development and market acceptance of new products, including sustainable or sustainably-sourced products; investment in development activities and new production facilities; integration of acquisitions and completion of potential dispositions; amounts of future dividends and share repurchases; customer and supplier concentrations; successful implementation of new manufacturing technologies and installation of manufacturing equipment; disruptions in information technology systems, including cyber-attacks or other intrusions to network security; successful installation of new or upgraded information technology systems; data security breaches; volatility of financial markets; impairment of capitalized assets, including goodwill and other intangibles; credit risks; our ability to obtain adequate financing arrangements and maintain access to capital; fluctuations in interest and tax rates; changes in tax laws and regulations, and uncertainties associated with interpretations of such laws and regulations; outcome of tax audits; fluctuations in pension, insurance, and employee benefit costs; the impact of legal and regulatory proceedings, including with respect to environmental, health and safety; changes in governmental laws and regulations; protection and infringement of intellectual property; changes in political conditions; the impact of epidemiological events on the economy and our customers and suppliers; acts of war, terrorism, and natural disasters; and other factors.
We believe that the most significant risk factors that could affect our financial performance in the near-term include: (1) the impacts of economic conditions on underlying demand for our products and foreign currency fluctuations; (2) competitors' actions, including pricing, expansion in key markets, and product offerings; and (3) the degree to which higher costs can be offset with productivity measures and/or passed on to customers through selling price increases, without a significant loss of volume.
For a more detailed discussion of these and other factors, see “Risk Factors” and "Management's Discussion and Analysis of Results of Operations and Financial Condition" in our 2015 Form 10-K, filed on February 24, 2016 with the Securities and Exchange Commission, and subsequent quarterly reports on Form 10-Q. The forward-looking statements included in this document are made only as of the date of this document, and we undertake no obligation to update these statements to reflect subsequent events or circumstances, other than as may be required by law.
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