Harwood Feffer LLP Announces Investigation Of Avon Products, Inc.

Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Avon Products, Inc. (Avon or the Company) concerning the proposed acquisition of the Company by Coty Inc. (Coty). On April 2, 2012, it was announced that Coty had offered to acquire all outstanding shares of the Avon common stock. Under the proposal, Avon shareholders would receive $23.25 in cash per share held. The Avon board of directors rejected the offer. Harwood Feffer LLP investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Avon, disclosing all material benefits and costs and obtaining full and fair consideration for Avon shareholders.