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Avon Calls Takeover Bid a Hoax

PTG offer never happened

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By: TOM BRANNA

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Avon's stock was halted three times during Thursday trading after reports surfaced that the company might be acquired by a company called PTG Capital Partners. However, Wall Street types, and more importantly, Avon, said there was no such company. In response to an SEC filing made by an entity purporting to be named “PTG Capital Partners,” Avon reports that it has not received any offer or other communication from such an entity and has not been able to confirm that such an e...

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