Will Coty Own Avon?
Avon has stated that they will respond to Coty's $10.7 billion buyout offer within a week. Coty has offered Avon $24 a share, $ 3 a share higher that Avon has been selling for. So far, Avon has not seemed interested in Coty's offer, but they have 1 week to think about it. What will be better for their investors?
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