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Paramount's 'Transformers 3' Set for July 1, 2011

Director Bay, stars LaBeouf and Fox to return.

"Transformers 3" is among summer tentpole pics set for 2011, with Paramount dating the third installment of the franchise on July 1, 2011.

Michael Bay once again will direct, and stars Shia LaBeouf and Megan Fox are set to return as well.

Read more at Variety.