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Encourages Avon board to open negotiations.
April 16, 2012
By: TOM BRANNA
Editor
Coty chairman Bart Becht is scheduled to speak to Avon investors today during a call hosted by Sanford C. Bernstein & Co. analyst Ali Dibadj. Coty’s $10 billion bid for its larger rival Avon was rejected earlier this month. According to reports, Coty said it might raise its offer if it was invited to examine the direct seller’s books and is still interested in discussing its proposal with Avon, which named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO last ...
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