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arthurr46

arthurr46
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  • Shares of Avon Products (AVP +9.1%) spike higher after a shareholder of Coty files to sell Reckitt Benckiser (RBGPY.PK) shares - sparking speculation that a new bid for AVP could be afoot. [View news story]
    A $25/26 per share offer would be reasonable.
    May 9 02:53 PM | Likes Like |Link to Comment
  • S&P downgrades its credit rating on Avon Products (AVP -1.4%) a notch to triple-B-minus, as it discounts the chance a material operating turnaround can be achieved. The cut leaves the company's credit on the verge of junk status, with S&P closely watching all the balls the company has in the air. [View news story]
    The Coty offer looks pretty good now.
    May 8 03:41 PM | Likes Like |Link to Comment
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