Deal Snapshot
AVON WINS SHAREHOLDER NOD FOR USD 2BN NATURA AND CO BUYOUT
Friday 15 November 2019

Shareholders of UK-based door-to-door beauty and household products seller Avon Products, Inc. (NYSE: AVP) have approved the proposed acquisition of Avon by Natura and Co Holding S.A., a new holding company for Brazil-based Natura Cosméticos S.A. (B3: NATU3), the company said.
The deal was announced in May. More than 75% of Avon's shares outstanding, on an as-converted basis, were voted in favour of the proposal to adopt the merger agreement.


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Details
Date Published: 15/11/2019
Target: Avon Products
Country: USA
Deal Size: 2bn (USD)
Sector: Consumer Products
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Natura Cosm, éticos
Buyer Advisor: UBS Investment Bank , Morgan Stanley
Comment:
Natura Cosméticos´ shareholders will own approximately 76% of the combined company, while Avon common shareholders will own approximately 24%

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