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Avon Products Inc. Message Board

  • tnerruc2000 tnerruc2000 Jan 3, 2013 11:37 AM Flag

    Takeover timing

    Does anyone know the latest date for Coty / someone to nominate a new slate of directors to replace the current set to enable a hostile tender offer to go through this year?

    Sentiment: Strong Buy

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    • I sure do not know.

      I question the motive of Coty delaying its IPO. I'm also encouraged with the new Chairman who replaced Andrea. If Sheri cannot turn the ship, I'm completely confident the new chairman, given his track record, will be able to put AVP in play. Anyways, I'm still long, increased my position again in the high 13 range, unworried, just waiting.

      • 1 Reply to ddrealist
      • Good to hear from you dd.
        I think Sheri will make a meaningful difference. I have worked for her before in a past life.
        I am in the same position, didnt get them in the the 13's but all the way down to 14 and change.

        I am intrigued by Fred Hassan. The saying from the DB analyst that people who follow Fred Hassan make a lot of money seems to be true. I am watching what he is doing with B & L with interest it looks like he will make the private equity guys a lot of money here too.

        Sentiment: Strong Buy

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