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Tuesday, June 24, 2014

Takeover Digest - Wall Street Journal - June 24, (NYSE: AVP)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Avon Products Inc plans to reduce its headcount by an additional 600 positions, largely in its corporate staff and North America business, part of the beauty-products company's continuing turnaround efforts. (* Seven major auto makers on Monday disclosed they combined would recall millions of vehicles equipped with air bags that could explode under certain circumstances. The moves expand on earlier efforts to find and fix potentially defective air bag inflators made by Takata Corp and highlight the challenges for auto makers to contain mass recalls. (

Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products. Shares of AVP fell by 1.67% or $-0.25/share to $14.69. In the past year, the shares have traded as low as $13.22 and as high as $24.71. On average, 4502700 shares of AVP exchange hands on a given day and today's volume is recorded at 3297711.