Deals
Avon Surges on Report Cerberus Is Buying North American Unit
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Avon Products Inc. rose 7 percent after the Wall Street Journal reported that the cosmetics retailer was in advanced talks to sell its North American business and an equity stake to Cerberus Capital Management.
The shares climbed to $3.99 at the close of trading in New York. Still, Avon has slid 58 percent this year.