Avon Products Shares Climbs On Report It Discussed Sale To Brazil's Natura

(RTTNews) - shares of Avon Products Inc. (AVP) climbed 6 percent in Friday regular trading, after the Wall Street Journal said the company has discussed a sale to Brazilian rival Natura & Co., citing a person familiar with the matter.

The Journal reported talks include the possibility that Natura would acquire Avon's North American business, which is a separate company, in addition to the listed company which operates around the world. Avon sold its North America business to private-equity firm Cerberus Capital Management LP in 2016.

AVP is trading at $2.95, up $0.17 or 6.1 percent.