A takeover bid being aggressively pursued by Coty and Warren Buffett is pushing Avon stock price against the recent Sell Short signal received.
We'll see how this week unfolds.
Phil Wahba and Jessica Wohl
Reuters
Published
Last updated
“Coty, maker of Stetson aftershave and Beyoncé fragrances, raised its offer to $24.75 (U.S. ) per share, or $10.65-billion, according to a letter Avon made public on Thursday. In April, it had offered to buy Avon for $23.25 per share.”
Coty raises Avon bid, gets Berkshire’s backing
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