SEC Looking Into Trading in Avon Shares

By Rupert Nicholson:Avon Products (AVP) is a beauty products producer and marketer. It reported revenue of $11.3 billion in 2011. It also recorded operating income of $855 million and a net income of $518 million. As of the end of 2011, it manages total assets of $7.735 billion.

(Reuters) - Cosmetics company Avon Products Inc is cooperating with the Securities and Exchange Commission, which was reported on Friday to be looking into trading activity

(Reuters) - Shares of Avon Products Inc 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. Fragrance company Coty last week raised its unsolicited bid, which had the financial backing of Warren Buffett's Berkshire Hathaway and others, to $24.75 per share from an earlier $23.25 per share offer, and gave Avon a Monday deadline to respond. Avon's stock fell to $17. ...

(Reuters) - Cosmetics company Avon Products Inc is cooperating with the Securities and Exchange Commission, which was reported on Friday to be looking into trading activity before fragrance maker Coty Inc's $10 billion offer to buy Avon.

(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 deadl

By Dana Blankenhorn: The quick rejection by Avon (AVP) of a $23.25 takeover offer from Coty Inc., worth $10 billion, seems to have put the direct-sales firm into play.Shares rose at the open on April 2 but fell in early trade after the rejection. Around noon they stood at $22.28, nearly $1/share lower than the Coty offer.

Coty, a leading global beauty company, said Monday it has made an offer to buy struggling cosmetics company Avon Products in a deal valued at approximately $10 billion.