Avon shares crumble to near 10-year low

Published: 3-Oct-2015

Shares are edging closer to low of $3.18

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The value of Avon’s shares have hit a near 10-year low.

Before this article was published, the beauty company’s shares hit $3.24, edging ever closer to its lowest in a decade ($3.18). Avon has reportedly been in talks with private equity players, including Cerberus Capital Management, over a possible deal that would bolster its liquidity. But there is no news of a sale for the moment.

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