04.16.12
Coty chairman Bart Becht is scheduled to speak to Avon investors today during a call hosted by Sanford C. Bernstein & Co. analyst Ali Dibadj. Coty’s $10 billion bid for its larger rival Avon was rejected earlier this month.
According to reports, Coty said it might raise its offer if it was invited to examine the direct seller's books and is still interested in discussing its proposal with Avon, which named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO last week.
Stay tuned to Happi.com for more breaking news on Coty and Avon.According to reports, Coty said it might raise its offer if it was invited to examine the direct seller's books and is still interested in discussing its proposal with Avon, which named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO last week.