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Stock Market & Financial Investment News

News Breaks
January 22, 2014
11:46 EDTUNUnilever in early stages of exploring sale of SlimFast, Sky News reports
Unilever is discussing a potential disposal of SlimFast for GBP 1B, reports Sky News. According to people close to the situation, the company is at the early stages of examining the sale and it is possible it may retain the business following a review of its options. It is unclear who is likely to be interested in acquiring SlimFast if its current owner does opt to pursue a sale. Reference Link
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October 12, 2015
14:34 EDTUNAvon seen being left out of personal care consolidation
Consolidation in the household and personal care market looks set to continue but less-valuable Avon (AVP) could find itself on the sidelines, Canaccord analyst Eddy Hargreaves argued this morning. The research firm explained that newly-formed personal care company Edgewell (EPC) looks set to catalyze M&A activity in the space following its split from Energizer Holdings (ENR) in early July. Edgewell itself may be targeted by Unilever (UL, UN), Henkel (HENKY), or Reckitt Benckiser (RBGLY) by early 2016, but Avon could be overlooked as the personal care giants jostle for growth, said Canaccord. Though Avon is frequently called a takeover target due to its collapsed share price, Hargreaves said he struggles to find value in the direct-selling group for any of the companies in his coverage sphere, while his leveraged buyout models paint a similarly bleak picture for a potential private equity buyer. PRICE ACTION: Shares of Avon have fallen nearly 9% to $3.78 in intraday trading, seeing incremental declines throughout the day.
08:21 EDTUNUnilever Q3 organic growth should beat expectations, says Bernstein
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