Avon rejects $10 billion takeover bid from Coty

(Reuters) - Coty Inc disclosed on Monday that it had offered $10 billion for Avon Products Inc but the larger company, which is grappling with sliding sales and a bribery probe, rejected the bid as too low and "opportunistic".

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/yQtLrsDErjk/us-coty-avon-idUSBRE8310D420120403

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