Saturday, May 12, 2012
Avon cooperating with SEC in stock trading probe
(Reuters) - Cosmetics company Avon Products Inc is cooperating with the Securities and Exchange Commission, which was reported on Friday to be looking into trading activity before fragrance maker Coty Inc's $10 billion offer to buy Avon. According to the Wall Street Journal, the SEC sent a letter to Avon on April 2, the day Coty
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