Avon Receives Shareholder Approval for Proposed Acquisition by Natura &Co
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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Source: PR Newswire
LONDON, Nov. 13, 2019 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) ("Avon") today announced that, at a special meeting held on November 13, 2019 in Suffern, NY, its shareholders approved the previously announced proposed acquisition of Avon by Natura &Co Holding S.A. ("Natura &Co"), a new holding company for Natura Cosméticos S.A. (B3: NATU3) ("Natura Cosméticos"). More than 75% of Avon's shares outstanding, on an as-converted basis, were voted in favor of the proposal to adopt the merger agreement.Jan Zijderveld, CEO of Avon, said: "We are pleased that our shareholders have strongly supported Avon's combination with Natura, and the move to start an exciting new chapter for Avon as part of the world's fourth largest pure-play beauty company. We will continue to work together with Natura to gain the remaining approvals required to close the transaction, while also independently executing our Open Up turnaround strategy, driving pricing and productivity improvements across our busine
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