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All stock deal to close in 2020.
May 22, 2019
By: TOM BRANNA
Editor
How do you say “Avon Calling” in Portuguese? Shares of Avon Products Inc. rose more than 15% in the extended session Wednesday after Brazilian cosmetics and skin care company Natura & Co. said it planned to buy the iconic US counterpart in an all-stock deal that would create the fourth largest pure-play beauty group in the world. Natura, which dominates the Brazilian cosmetics market with its own army of beauty consultants, said tthe combined company is expected to have annua...
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