Avon seen holding out for better takeover deal
Published: Sep 19, 2018

Avon seen holding out for better takeover deal

Sep. 18, 2018 11:36 AM ET|About: Avon Products, Inc. (AVP)|By: , SA News Editor 

D.A. Davidson says Avon Products (AVP +7.9%) and majority shareholder Cerberus Capital Management are unlikely to push a sale through at the current share price level.

report yesterday indicated that Avon was approached by Natura Cosmeticos (OTC:NUACF) about a takeover.

Avon is currently swapping hands at $2.26 vs. the 52-week trading range of $1.38 to $2.99. The stock was over $20 per share in late 2013.