Avon Products (AVP) Rallies On Renewed Takeover Speculation

August 6, 2012 3:27 PM EDT Send to a Friend
Today's strength in Avon Products Inc. (NYSE: AVP) is being attributed to renewed takeover speculation.

In May, Coty Inc. withdrew its takeover bid for Avon Products. The last bid was $24.75 per share. Coty is now pursuing its own IPO.

Shares of AVP last traded at $15.49, up 4 percent.


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