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Avon Mulls Coty Offer

Rethinking a bid...is Buffet behind the move?

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By: TOM BRANNA

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The board at Avon Products Inc. will consider Coty Inc.’s revised acquisition bid this week. The board, working in conjunction with management and financial and legal advisers, expects to render a decision “within a week,” the New York-based company said. The Coty bid values Avon shares at $24.75. At the close of market, Avon’s share were trading at $20.92—up 3.62% on the day. Why is Avon warming up to Coty’s bid. Sure, the 15% increase is nice. But analysts sp...

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