Avon Products (AVP +2.4%) moves higher this morning on a report that it's filed a form 8k with...

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

Avon Products (AVP +2.4%) moves higher this morning on a report that it's filed a form 8k with the SEC in regards to taking out a line of credit for up to $750M dollars, with access to $500M immediately. SA contributor Scott Matusow says the company already has enough cash on hand for day-to-day operations, and thinks it may be on the hunt for an acquisition. One potential target: Obagi Medical Devices (OMPI +3.3%).