getmoreshares
5 년 전
the present date, January 3, 2020, was confirmed as the consummation date of the Merger,
under the terms and conditions of the Protocol and Justification;
• under the Protocol and Justification, the exchange ratio of the Merger of 0.600 common
shares issued by Natura &Co or 0.300 American Depositary Receipts (“ADR”) of Natura
&Co was confirmed (each ADR represents 2 common shares of the Company), at the
discretion of each shareholder, in each case, in replacement for each one (1) common share
issued by Nectarine Merger Sub I, Inc. held by them immediately before the Merger;
getmoreshares
5 년 전
Avon, by joining a group that includes Natura, The Body Shop and Aesop, will become part of the world's fourth-biggest pure-play beauty company, reaching more than 200 million consumers worldwide through multiple channels. The group will have annual gross sales above US$10 billion, 6.3 million representatives and consultants, 3,200 stores and a presence in more than 100 countries.
getmoreshares
5 년 전
On December 19, 2019, Avon Products, Inc. (the “Company”), with prior approval from the Company’s Compensation and Management Development Committee of the Board of Directors, accelerated and paid to Gustavo Arnal, the Company’s Chief Financial Officer, a sign-on cash award of £702,000 that, under Mr. Arnal’s employment agreement, was originally scheduled to be paid in March of 2020.
getmoreshares
5 년 전
Avon Declares Special Cash Dividend
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Alert
Avon Products (NYSE:AVP)
Intraday Stock Chart
Today : Tuesday 24 December 2019
Click Here for more Avon Products Charts.
NEW YORK, Dec. 24, 2019 /PRNewswire/ -- The Board of Directors of Avon Products, Inc. (NYSE: AVP) (the "Company") today approved a one-time special cash dividend on the Company's common stock and Series C Preferred Stock (on an as-converted to common stock basis) of $0.01604429 per share (the "Special Dividend") in connection with the previously announced proposed acquisition of the Company by Natura &Co Holding S.A. (B3: NTCO3), a new holding company for Natura Cosméticos S.A. (B3: NATU3). The Special Dividend is payable to shareholders of record as of the close of business on December 30, 2019 and will be paid on January 6, 2020.
getmoreshares
5 년 전
Natura & Co is now trading on the Brazilian exchange as NTCO3. After the acquisition is completed it will trade on the New York exchange as an ADR, NTCO.
The reason it went from .3 shares to .6 shares is because Natura Cosmetics had a large amount of cash on the books that they had to do something with, so they did a special dividend of 1 share for each share of Natura Cosmetics and then to keep the deal the same, increased what Avon shareholders were getting from .3 to .6 shares.
Wow, Natura & Co continues to go crazy, another 52 week high of 39.90 which doing the currency conversion and .6 shares is about $5.84. AVP new high of $5.75. Somebody must know something we don't.
getmoreshares
5 년 전
going to be BIG!!!! it will the 4th largest beauty co"
São Paulo, December 19th, 2019 – Natura &Co Holding S.A. (NTCO3 – B3) and Avon Products, Inc. (AVP – NYSE) announce that they have received all regulatory approvals required to complete Natura &Co’s acquisition of Avon Products, Inc., paving the way for the closing of the transaction expected on January 3, 2020. This follows the approval without restrictions by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica), the last remaining regulatory approval that is a condition precedent needed to conclude the deal.
The combination, which was announced on May 22, 2019, will result in the creation of the world’s fourth-largest pure-play beauty company, grouping together Avon, Natura, The Body Shop and Aesop.
On January 6, 2020, Natura &Co is expected to begin trading on the NYSE through American Depositary Receipts (ADRs), under the NTCO ticker symbol, in addition to continuing trading shares on the B3 stock exchange in São Paulo.
Roberto Marques, Executive Chairman of Natura &Co Holding, declared: “With all regulatory approvals, we are very close to completing the acquisition of Avon. We greatly look forward to welcoming Avon to our family of iconic beauty companies, starting a new chapter in Natura &Co’s history.
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