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Avon Confirms in 'Advanced' Acquisition Talks With Brazil's Natura

Rob Lenihan

confirmed Wednesday that it was in "advanced discussions" with Brazilian beauty company Natura Cosmeticos about Avon being acquired in an all-stock transaction. The Wall Street Journal reported earlier that Avon was nearing a sale to Natura Cosmeticos and that the deal could be announced Wednesday. Avon has been struggling in recent years.