Seeking Alpha

Avon +4.2% AH as WSJ reports potential bribery settlement

  • Avon Products (AVP) is in advanced talks to settle a long-running bribery probe that has dogged the company for years and could cost tens of millions of dollars to resolve, WSJ reports.
  • AVP is said to be eager to come to terms and is trying to reach a deal with the Justice Department and SEC before it reports earnings Thursday morning.
  • Shares +4.2% AH on the report.
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