Avon cooperating with SEC in stock trading probe
(Reuters) – Cosmetics company Avon Products Inc is cooperating with the Securities and Exchange Commission, which was reported on Friday to be looking into trading activity before fragrance maker Coty Inc’s $10 billion offer to buy Avon. According to the Wall Street Journal, the SEC sent a letter to Avon on April 2, the day Coty made its offer public, asking for telephone records and other information. …