Tuesday, October 12, 2010

Avon Products Soars On Takeover Chatter

Shares of Avon Products Inc. (NYSE: AVP), the world’s largest door-to-door cosmetics seller, jumped more than 9% after the U.K.’s Daily Mail newspaper reported L’Oreal SA may be preparing a cash offer in excess of $44 a share. Stay tuned for more.

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