Coty Raises Avon Bid With Berkshire Backing

Coty Raises Avon Bid With Berkshire Backing Play

May 10 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports that Coty Inc. raised its offer to acquire Avon Products Inc. to about $10.7 billion and said Warren Buffett’s Berkshire Hathaway Inc. will provide financing as the perfume-maker seeks to draw Avon into negotiations. She speaks on Bloomberg Television's "InBusiness."

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