Avon in talks sell North American arm to Cerberus: sources

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Avon Products' (AVP) Price Target Raised to $6 at Citi

December 4, 2015 3:06 PM EST

Citi maintained a Buy rating on Avon Products (NYSE: AVP) and raised its price target to $6.00 (from $5.00).

For an analyst ratings summary and ratings history on Avon Products click here. For more ratings news on Avon Products click here.

Shares of Avon Products closed at $3.99 yesterday.

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Avon Products (AVP) Issues Response to Barington Capital; Welcomes Open Communication from Shareholders

December 4, 2015 7:25 AM EST

Avon Products (NYSE: AVP) issued the following statement in response to the press release issued on December 3, 2015 by Barington Capital Group ("Barington"):

We are aware that Barington has made a public announcement expressing its views on our business. Avon welcomes open communication... More

Barington Capital Sends Letter to Avon Products (AVP); Urges Restructuring Plan

December 3, 2015 11:57 PM EST

An investor group led by Barington Capital Group, L.P., including NuOrion Partners AG and certain other investors, which collectively owns more than 3% of the outstanding shares of Avon Products, Inc. (NYSE: AVP), today announced that it has sent a letter to the Chairman of the Board of the Company.

The full text of the Barington Groups Letter is available for viewing at the following link: http://www.barington.com/avon.html

The following are highlights from the Barington Group's letter:

On... More