Coty proposes to buy Avon (AVP) for $23.25 a share after it says it lined up debt and equity...


Coty proposes to buy Avon (AVP) for $23.25 a share after it says it lined up debt and equity financing to swing the deal. The offer is a 27% premium over a 3-month volume-weighted trading price for Avon. Shares of AVP +24.5% premarket.

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Comments (5)
  • Joseph Poma
    , contributor
    Comments (437) | Send Message
     
    Saw this coming a mile away...http://seekingalpha.co...
    2 Apr 2012, 07:49 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6831) | Send Message
     
    "Avon lady, Avon lady I'd like to go there."

     

    Apologies to Stevie Wonder.
    2 Apr 2012, 09:53 AM Reply Like
  • Blackjack777
    , contributor
    Comments (31) | Send Message
     
    Careful http://cnnmon.ie/HGuUoq
    2 Apr 2012, 10:04 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6831) | Send Message
     
    I said, "I WANT to go there." Not that I would.

     

    And maybe they'll raise their bid.
    2 Apr 2012, 10:08 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    AVP has presence in Latin America. A plus, as this market is growing pretty fast.
    2 Apr 2012, 10:09 AM Reply Like
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