Thursday, May 10, 2012
Publicly Traded Avon Endures More Uncertainty
On Thursday, the privately held perfume company Coty increased its bid for Avon from $23.25 to $24.75 per share. Bogged down by recent struggles, the 125 year old Avon has resisted the takeover attempt. It now appears even Berkshire Hathaway, Warren Buffett’s company, may be involved in the offer as well. Last month, Avon announced it was replacing its CEO, Andrea Jung. More here: http://money.cnn.com/2012/05/10/markets/avon-coty/index.htm
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