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Avon -2.5% as Natura denies report of $2.1B acquisition loan

May 10, 2019 4:37 PM ETAvon Products, Inc. (AVP) StockAVPBy: Jason Aycock, SA News Editor17 Comments
  • Avon (NYSE:AVP) is 2.5% lower after hours as a potential suitor denied a report that it had an approved loan to buy the company.
  • Avon moved up 10.7% during the regular session following a report in Intereconomia.com that Brazil's Natura Cosmeticos had gotten approval from Santander to borrow up to $2.1B for an acquisition.
  • But Natura has denied that, Bloomberg reports.
  • That $2.1B figure implies a healthy 50% premium to pre-rumor pricing for Avon shares.

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