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The resignation of Fred Hassan from the chairmanship position at Avon Products (AVP +1.7%)...

The resignation of Fred Hassan from the chairmanship position at Avon Products (AVP +1.7%) appears even odder to dealReporter after Bausch & Lomb sold itself to Valeant Pharmaceuticals, a move which in theory would leave Hassan freed up from his duties as B&L. One intriguing possibility is that as a partner of Warburg Pincus the exec may have needed to leave the board just in case the firm became a P-E target.
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