Saturday, May 12, 2012

Stock Alert - Avon cooperating with SEC in stock trading probe - 5/12/12

Federal regulators are looking into trading activity that preceded Coty Inc.'s $10B offer to buy Avon (AVP). Earlier this week regulators requested phone records from AVP, although it's not yet clear what exactly the SEC's looking for. A spokesman for the company says it's fully cooperating with investigators. AVP +1.4% AH

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