Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has...

|About: Avon Products, Inc. (AVP)|By:, SA News Editor

Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has missed its deadline to start talks. Coty Chairman Bart Brecht: "I find it remarkable that since we made our revised proposal ... no one from Avon's Board or management has been willing to speak with us."  (PR)