|Bid||36.75 x 0|
|Ask||37.77 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||62.05|
|Earnings Date||Feb 18, 2020 - Feb 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||39.48|
Natura &Co; (NTCO3 – B3) announces that it expects to close today the acquisition of Avon Products, Inc. and appoint the new senior leadership team to drive the company's next phase of growth.
The Board of Directors of Avon Products, Inc. (NYSE: AVP) (the "Company") today approved a one-time special cash dividend on the Company's common stock and Series C Preferred Stock (on an as-converted to common stock basis) of $0.01604429 per share (the "Special Dividend") in connection with the previously announced proposed acquisition of the Company by Natura &Co; Holding S.A. (B3: NTCO3), a new holding company for Natura Cosméticos S.A. (B3: NATU3). The Special Dividend is payable to shareholders of record as of the close of business on December 30, 2019 and will be paid on January 6, 2020.
As the end of 2019 approaches, the cannabis industry and related parties seek to end a harsh year on a positive note. On the bright side, the U.S. House and Senate agreed to include a few marijuana, hemp and CBD-related provisions in federal spending bills, the EPA came out with a list of approved pesticides for hemp growers in 2020, New Jersey decided to put an adult-use marijuana legalization referendum in next year’s ballot, and South Dakota’s Secretary of State Steve Barnett said the petition submitted for an initiated measure on medical marijuana legalization was validated and filed by his office Thursday. Back to federal spending, lawmakers agreed on a $1.4 trillion government-wide 2020 spending package containing two spending bills, one of which touches on hemp-derived CBD and provides the FDA and USDA with $2 million for research, policy evaluation, market surveillance and issuance of an enforcement discretion policy.
Natura &Co; Holding S.A. (NTCO3 – B3) and Avon Products, Inc. (AVP – NYSE) announce that they have received all regulatory approvals required to complete Natura &Co;'s acquisition of Avon Products, Inc., paving the way for the closing of the transaction expected on January 3, 2020. This follows the approval without restrictions by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica), the last remaining regulatory approval that is a condition precedent needed to conclude the deal.
Natura &Co; Holding S.A. (B3: NTCO3) announces that its shares begin trading today on the B3 stock exchange in São Paulo, in the Novo Mercado segment. This marks a major milestone in the corporate restructuring linked to the acquisition of Avon Products, Inc. which will result, upon closing, in the creation of the world's fourth-largest pure-play beauty company.
To celebrate Giving Tuesday, vertically integrated cannabis co-manufacturing company Natura Life + Science announced a partnership with Sacramento Green Equity. Sac Green Equity is an initiative created as part of the city of Sacramento's CORE (Cannabis Opportunity Reinvestment and Equity) program, and works to assist people and communities struggling to enter the cannabis industry due to the disparate effects of the War on Drugs. Although the city has allocated $1.8 million to the social equity program, people familiar with the situation say funding will not be enough to help prospective cannabis entrepreneurs with everything they need to successfully launch and run a new canna-biz.
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters. Soon to become the world's fourth-largest beauty group after acquiring rival Avon Products Inc, Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region.
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters. Soon to become the world's fourth-largest beauty group after acquiring rival Avon Products Inc , Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region. "It seems to me the new government is critical of existing control mechanisms but has not yet set in motion alternatives," Natura CEO João Paulo Ferreira said in an interview late on Friday.
SÃO PAULO, Nov. 13, 2019 /PRNewswire/ -- Natura &Co posted another strong performance in the third quarter of 2019, with revenue growth in all three of its brands, Natura, The Body Shop and Aesop. The group has also taken major steps towards closing the transformational acquisition of Avon Products, Inc., with new milestones reached: Only a few days after CADE, Brazil's anti-trust authority, approved the acquisition without restrictions, Natura and Avon's shareholders today both voted in favor of the transaction at extraordinary shareholders' assemblies. The past quarter also saw Natura &Co make new advances in sustainability: Natura's Carbon Neutral Program, which totally offsets the company's carbon emissions, received the 2019 United Nations Global Climate Action Award, the world's most important recognition of initiatives to fight climate change, while The Body Shop joined Natura in becoming a B-Corporation.
LONDON, Nov. 13, 2019 /PRNewswire/ -- Avon Products, Inc. (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. (NATU3.SA) ("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.
SÃO PAULO, Nov. 6, 2019 /PRNewswire/ -- CADE, Brazil's anti-trust authority, has approved without restrictions the acquisition by Natura &Co of Avon Products, Inc. Approval by Brazil's competition authorities is one of the key steps towards the completion of the transaction, which remains subject to the fulfillment of other conditions precedent, including antitrust approval in other applicable jurisdictions. Announced on May 22, 2019, the transaction will create the world's fourth-largest pure play beauty company and is a major step in the creation by Natura &Co of a multi-brand, multi-channel, purpose-driven beauty group, which also includes Natura, The Body Shop and Aesop.
Brazil's Natura Cosmeticos SA is creating a subsidiary to manage its Singapore operations, the company said on Monday, as the global cosmetics firm seeks to boost its sales in East Asia. In a securities filing, Natura said its board had approved the creation of the subsidiary, which will be 100% held by the parent firm. The company did not elaborate on the structure of the new subsidiary nor offer a strategic rationale.
Brazilian cosmetics firm Natura&Co sees a stronger performance in its operations in Asia, except for Hong Kong, where both The Body Shop and Aesop brands have been affected by recent protests, executives said on Thursday. In a call to discuss quarterly results, Chief Executive João Paulo Ferreira told analysts that Natura is working to boost businesses, in Asia and plans to double its presence in key markets such as South Korea and Japan. "In terms of The Body Shop, we see a slight decrease in North America, but Asia is having a very strong performance, excluding Hong Kong," he said, adding that operations of its Australian brand Aesop have also been affected.
Brazilian cosmetics group Natura SA said on Wednesday its second-quarter net profit more than doubled from a year ago, slightly above market expectations, helped by solid sales growth in all segments as well as cost cuts. In a securities filing on Wednesday, the company said its quarterly net income grew by 109.4% year-on-year to 66.6 million reais ($16.4 million) compared to a consensus estimate of 61.7 million reais compiled by Refinitiv. "All our three brands (Natura, Aesop and The Body Shop) and businesses contributed to a good performance in the quarter," the company said, adding it hopes to conclude the acquisition of Avon Products Inc. in the beginning of 2020.
While cannabis wasn’t really a hot topic in the Democratic presidential debate last week, it was trending in the news after Illinois Gov. J. B. Pritzker printed his autograph on the legalization bill, making the state the 11th to legalize adult-use marijuana. “The bill also includes a ‘social equity program,’ which makes it easier for those with marijuana convictions to get business licenses and the program also allocates $12 million for startup businesses related to cannabis,” she said. Another bill that would provide protections to banks that service legal cannabis businesses was passed in the House and is now in Senators’ hands.
Jan.06 -- Roberto Marques, Natura & Co. chief executive officer, discusses the company's acquisition of Avon Products Inc. and its strategy going forward. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Natura, a Brazilian cosmetics company, has merged with Avon making it the fourth largest beauty company in the world. Natura & Co. Chairman Roberto Marques joins the On The Move panel to discuss how the merger will impact the growth of the company.