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COSMETICS giant Coty has withdrawn a takeover bid for rival Avon, saying the target’s board of directors had failed to engage in constructive discussions.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

Pharmacy Portal is here

Pharmacists for connection

NSW Budget not up to scratch, PSA says

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES