Coty drops Avon bid

May 16, 2012

COSMETICS giant Coty has withdrawn a takeover bid for rival Avon, saying the target’s board of directors had failed to engage in constructive discussions. In a letter to the Avon board, Coty said “your total lack of engagement with us leads us to believe that you remain reluctant to explore a friendly, negotiated combination on a reasonable timetable”.

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Pharmacy Daily | Coty drops Avon bid

Coty drops Avon bid

Other recent headlines

267k vaccinated but more can be done

CW slams $1 discount

PD breaking news – Large scale data hack at MediSecure

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES