Reuters: Mergers News: Coty bids $10 billion for Avon

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

Coty bids $10 billion for Avon Apr 2nd 2012, 11:30 April 2 | Mon Apr 2, 2012 7:30am EDT April 2 (Reuters) - Beauty company Coty Inc said on Monday it had offered to buy cosmetics direct seller Avon Products Inc for $10 billion. Coty, known for fragrances for such celebrities as Beyonce and Lady Gaga, said it has been "unsuccessful" in getting Avon to talk about its offer, but said it had no plans to make a hostile bid. Coty was offering $23.25 per Avon share, or a 20 percent premium over Friday's closing price of $19.36 on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions