German holding company Joh. A. Benckiser (JAB) has agreed to acquire Peet’s Coffee & Tea Co. (NASDAQ: PEET) for $73.50 per share, or approximately $1 billion in cash. The price ... Read Full Story »
Shares of Avon Products Inc. (NYSE: AVP) are down more than -10% shortly before noon today after suitor Coty Inc. withdrew its $24.75/share offer for the door-to-door cosmetics empire. Avon ... Read Full Story »
Cosmetics maker Coty Inc. has today raised its offer for Avon Products Inc. (NYSE: AVP) to $24.75/share, up another $1.50/share from its original offer. In a letter to the Avon ... Read Full Story »
Shares of Avon Products Inc. (NYSE: AVP) have closed lower each of the last three days following the company’s extremely weak first quarter results. The door-to-door cosmetics firm took another ... Read Full Story »
The board of directors of Avon Products Inc. (NYSE: AVP) have named Sherilyn McCoy as the company’s new CEO. McCoy has spent virtually her entire professional career with Johnson & ... Read Full Story »
Updated throughout the day. J Crew Group (NYSE: JCG) may be bought by private equity interests for $2.8 billion (NYT) Private equity firm Carlyle will buy Patni Computer for $1 ... Read Full Story »