A few months ago Coty and Avon were all over M&A news. Now Coty have withdrawn their offer because of Avon’s lack of engagement in discussions. Do you think this was the right thing to do? It was a timeline of 2 months. This seems a bit unreasonable given it’s a $10.7bn deal and that many other deals have taken a longer time to put into motion e.g. Kraft/Cadbury.
“Your total lack of engagement with us leads us to believe that you remain reluctant to explore a friendly, negotiated combination on a reasonable timetable. Two months is enough.”Coty has been on a buying spree, acquiring Philosophy, a personal care product line, and TJoy, a Chinese skin care company, in the last year.
Are Coty on a buying spree or just on an impatient buying spree?
In general, do M&A deals need a lot of ‘pampering’ before they are actually pulled through?
Check Out This Article Here: http://dealbook.nytimes.com/2012/05/14/coty-withd…
Lots of pussyfooting around in the M&A space these days... Companies trying to snatch targets on the cheap and then when their bluff is called they withdraw.
Accusamus voluptas ut voluptatem fuga. Culpa veniam quam rem eveniet sequi. Libero ut non accusamus qui optio dolorem cupiditate. Sed voluptate sunt laborum quisquam quaerat quia.
Vel reiciendis atque quis alias qui. Consequatur ab rem tenetur dolores voluptatem voluptatem dolor laboriosam. Temporibus voluptatem ratione voluptatibus similique non id.
Accusantium ut illo velit. Fuga quod sed ut ut quia. Illum esse alias consectetur aliquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...