Avon Products Inc. (AVP) gained in trading on the Germany stock market after British newspaper The Daily Mail said L’Oreal SA (LRLCY) may bid for the company.
Avon’s German-traded shares advanced 6.2% from the Oct. 11 closing price in New York to $35.22 at 12:59pm in Frankfurt, Bloomberg News said.
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That would give the company, which is based in New York, a market value of $15.1…
Continue reading Avon Rises in German Trading on Reports of L’Oreal Bid
Avon Rises in German Trading on Reports of L’Oreal Bid originally appeared on DailyFinance on Tue, 12 Oct 2010 07:44:00.
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