Avon (AVP) has held serious talks about acquiring Obagi Medical Products (OMPI), although it...

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

Avon (AVP) has held serious talks about acquiring Obagi Medical Products (OMPI), although it hasn't yet bid high enough, writes SA author Scott Matusow, while L'Oreal (LRLCY.PK) is also showing interest. Matusow reckons that with institutions owning about 90% of the company, and with "the majority of them" wanting Obagi sold," a deal will happen soon.