April 04, 2012 at 10:52 AM EDT
Beautiful numbers for Avon’s #2…
Avon Products, Inc. (AVP) is struggling on many fronts, which surely factored into Coty Inc.’s unsolicited proposal this week to buy Avon for $10 billion, a bid that the cosmetics giant rejected as undervalued. Even beyond that, though, Avon’s FCPA woes in China continue, millions of dollars have been spent on the investigation and defense, and former CFO Charles [...]
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