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Avon Shareholders Approve Acquisition by Natura &Co

The closing is anticipated to occur in early 2020.

At a special meeting held on November 13, 2019 in Suffern, NY, Avon Products Inc.’s shareholders approved the previously announced proposed acquisition of Avon by Natura &Co Holding S.A., a new holding company for Natura Cosméticos S.A. More than 75% of Avon's shares outstanding, on an as-converted basis, were voted in favor of the proposal to adopt the merger agreement.   Jan Zijderveld, CEO of Avon, commented, “We are pleased that our shareholders have strongly supported Avon&#...

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