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Brazil’s Natura to buy Avon Products in stock deal: Reports


Avon Products

Scott Eells | Bloomberg | Getty Images

Brazilian makeup brand Natura Cosmeticos agreed to buy Avon Products, according to two media reports early on Wednesday.

Natura will buy Avon in an all-stock deal that values the U.S. group at more than $2 billion, the Financial Times reported, citing people familiar with the matter.

Reuters reported last week that Natura was close to completing the deal to buy Avon. The U.S. company has a market capitalization of…

Source cnbc.com

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