Tuesday, 15 May 2012 | Source: The Associated Press
THE NEWS: Shares of Avon Products Inc. closed down nearly 10 percent on Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.
(Reuters) - Avon Products Inc's <AVP.N> loss of a $10.7 billion takeover bid from smaller cosmetics rival Coty Inc leaves shareholders hoping that new Chief Executive Sherilyn McCoy has a great turnaround plan in the works.
NEW YORK (Reuters) - Consumer and financial stocks edged up on Tuesday after the S&P 500 fell for four of the past five sessions, but the broader market struggled as the political impasse in Greece weighed on investor sentiment.
(Reuters) - Avon Products Inc's <AVP.N> shares fell 10 percent in their first session since smaller rival Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 15 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
NEW YORK (Reuters) - Stocks were flat on Tuesday as news that Greece would hold a new election gave investors another reason to be cautious despite several days of equity losses.
NEW YORK (Reuters) - Stocks were flat on Tuesday as news that Greece would hold a new election gave investors another reason to be cautious despite several days of equity losses.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 15 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
(Reuters) - Shares of Avon Products Inc <AVP.N> fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions.
(Reuters) - Coty Inc said on Monday it is withdrawing its $10.7 billion takeover bid for Avon Products Inc, saying the world's largest cosmetics direct seller had missed its deadline to start talks.
With shares tumbling after Coty, the privately held maker of Beyoncé Knowles perfume, withdrew its hotly contested $10.7 billion takeover offer, Avon Products CEO Sherilyn McCoy needs to prove to investors that a turnaround plan is possible for the beauty products giant... Read More