Avon +15% on report of Natura takeover approach
Published: Sep 18, 2018

Avon +15% on report of Natura takeover approach

Sep. 17, 2018 5:18 PM ET|About: Avon Products, Inc. (AVP)|By: , SA News Editor 

Brazil's Natura Cosmeticos (OTC:NUACF) recently approached Avon Products(NYSE:AVP) about a takeover, The Wall Street Journal reports, though its says the talks aren't serious.

Avon shares have jumped after hours, up 15.4%.

They aren't the only overtures Avon has received, according to the report, but the company is focused on its on turnaround.

Natura, Brazil's biggest cosmetics company, says there "no negotiations in progress" regarding a possible Avon deal. It runs a direct sales force similar to that of Avon.