Seeking Alpha

Avon Products buyout talk picks up

  • Analysts sizing up Avon Products (AVP) think the company might be open to a sale with recent turnaround efforts sputtering.
  • The board has been pushing actively pushing for a golden parachute in the form of accelerated vesting in what could be a sign that the stance on a takeover has changed.
  • Tupperware Brands (TUP) and Coty (COTY) are potential suitors, while a private equity acquisition could allow the company to save money by relocating its tax domicile.
Comments (3)
  • Herbalifestudy
    , contributor
    Comments (163) | Send Message
     
    If coty was ready to pay 24.75, then they might be interested in paying 15 now..
    2 Jun, 10:08 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5350) | Send Message
     
    (COTY)'s market cap = $6.3B
    (AVP)'s market cap = $6.28B
    (TUP)'s market cap = $4.22B

     

    Can (TUP) buy (AVP)? Well, the smaller Tata Steel bought Britain's Corus Steel, but that usually doesn't happen.
    2 Jun, 08:59 PM Reply Like
  • SSnape
    , contributor
    Comments (405) | Send Message
     
    COTY has long been rumored to be a suitor for AVP and they have established a JV to improve COTY sales in S.A. If AVP is truly unable to accomplish a turn-around independently, I would support a merger of the two.

     

    Long:AVP and COTY.
    2 Jun, 10:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|