Coty Inc. has withdrawn its nearly $10.7 billion offer for Avon Products. The fragrance maker last night said it was moving on to pursue other opportunities as Avon didn’t come clean as to why it needed more time to respond to the proposal. In a letter sent to Avon’s board, Bart Becht said that while Coty “waited patiently,” Avon’s board has “had more than two months to consider whether to engage in discussions and permit us to conduct due diligence.” According to ...