{"id":28797,"date":"2012-04-09T06:49:37","date_gmt":"2012-04-09T10:49:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28797"},"modified":"2012-04-09T06:49:37","modified_gmt":"2012-04-09T10:49:37","slug":"coty-inc-submits-acquisition-offer-for-avon-products","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/04\/09\/coty-inc-submits-acquisition-offer-for-avon-products\/","title":{"rendered":"Coty Inc. Submits Acquisition Offer For Avon Products"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve2114d893d61141756b263df68efbe6bbfc8ea6a&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve2114d893d61141756b263df68efbe6bbfc8ea6a&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Coty Inc. announced it submitted a non-binding offer to acquire Avon Products (NYSE:AVP) for $23.25 a share in cash.The unsolicited offer represents a premium of almost 27% over the company&#8217;s three-month average price and values the company at approximately $10 billion.At that price, the offer would be the biggest takeover in the cosmetics and toiletries industry since 2005, when Procter &#038; Gamble purchased Gillette for $57.3 billion including debt.However, Avon released its own statement saying it has rejected Coty&#8217;s offer because it wouldn&#8217;t be in the best interests of its shareholders.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/09\/1_9eo7evor_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/09\/1_9eo7evor_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coty Inc. announced it submitted a non-binding offer to acquire Avon Products (NYSE:AVP) for $23.25 a share in cash.The unsolicited offer represents a premium of almost 27% over the company&#8217;s three-month average price and values the company at approximately $10 billion.At that price, the offer would be the biggest takeover in the cosmetics and toiletries &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/04\/09\/coty-inc-submits-acquisition-offer-for-avon-products\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Coty Inc. Submits Acquisition Offer For Avon Products&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28797","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28797"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28797\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}