Reuters: Mergers News: Avon to consider Coty's $10.7 billion takeover bid

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Avon to consider Coty's $10.7 billion takeover bid May 13th 2012, 18:37 Sun May 13, 2012 2:37pm EDT May 13 (Reuters) - Avon Products Inc on Sunday said it told Coty Inc that it would consider the smaller company's $10.7 billion takeover bid and expected to respond within a week. In a letter to Avon's board dated May 9, Coty said it was raising its offer from an earlier $10 billion bid and gave Avon a deadline of the close of business on Monday, May 14, to enter into talks or it would withdraw its offer.

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