NEW YORK, April 2, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Avon Products, Inc. ("Avon" or the "Company") (NYSE: AVP) concerning the proposed acquisition of the Company by Coty Inc. ("Coty").
On April 2, 2012, it was announced that Coty had offered to acquire all outstanding shares of the Avon common stock. Under the proposal, Avon shareholders would receive $23.25 in cash per share held. The Avon board of directors rejected the offer.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Avon, disclosing all material benefits and costs and obtaining full and fair consideration for Avon shareholders.
If you own Avon shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP