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Stock pops on news of possible deal with Cerberus.
December 3, 2015
By: TOM BRANNA
Editor
It's not exactly a deal with the devil—just s deal with the dog from Hell. Beleagured Avon Products is in advanced talks with Cerberus Capital Management over the sale of its North American business, according to a Dow Jones report. A deal could include an equity stake for Cerberus. Shares of Avon were up up 6.6% on strong volume. A sale of all or part of Avon has been in the news for months, make that years. Every time the beauty maker issues a poor quarterly report, observers say...
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