Coty Offers To Acquire Avon Products For $10B

by Lisa Levin, Benzinga Editor
April 2, 2012 7:44 AM | 13 seconds read |
Coty Inc offered to acquire Avon Products Inc AVP for $10 billion. Coty offered $23.25 per Avon share, representing a 20% premium to its closing price of $19.36 on Friday. AVP shares jumped 22.93% to $23.80 in pre-market trading.
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