Paxar Stock Market Information

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Stock Analysis at  Avery Dennison page.
- Paxar    

Paxar is owned by Avery Dennison.  Please visit the Avery Dennison page here on Apparel Search for more information.

March 22, 2007 News: Avery Dennison Corporation (NYSE: AVY) and Paxar Corporation (NYSE: PXR) today announced that their boards of directors have unanimously approved a definitive agreement for Avery Dennison to acquire all outstanding shares of Paxar 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.  Avery Dennison's Retail Information Services (RIS) business represents one of its fastest-growing units. RIS provides brand identification and supply chain management solutions primarily for manufacturers and retailers, including tag and label design and printing; inventory and shipment tracking; and data management systems.  Under the terms of the agreement, Avery Dennison will purchase each common share of Paxar for $30.50. Based upon Paxar's closing price of $24.03 on Thursday, March 22, 2007, this represents a premium of 27 percent. JPMorgan Chase Bank, N.A. has committed $1.35 billion in acquisition financing and will also arrange long-term financing.

http://www.rbis.averydennison.com/

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Clothing Industry Trim & Component Suppliers that are Publicly Traded Companies:
Avery Dennison, Paxar (purchased by Avery), Talon Zippers,
Velcro

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