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Conference call reveals extra funds to spend.
April 16, 2012
By: TOM BRANNA
Editor
$14 billion might be the magic number for Coty’s possible takeover of Avon. Coty chairman Bart Becht spoke to Avon investors during a call hosted by Sanford C. Bernstein & Co. analyst Ali Dibadj. According to reports, Coty has lined up $14 billion of financing commitments for its proposed $10 billion acquistion of Avon, as previously reported in Happi. The initial bid for its larger rival Avon was rejected earlier this month. Speaking on a conference call to hundreds of Avon...
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