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Berkshire to Provide $2.5B for Coty’s Avon Bid
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FBN’s Adam Shapiro on reports Berskhire Hathaway may provide $2.5 billion in financing for Coty’s bid for Avon.
- Duration 0:42
- Date May 10, 2012
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FBN’s Adam Shapiro on reports Berskhire Hathaway may provide $2.5 billion in financing for Coty’s bid for Avon.
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-- -- -- Beauty products maker Cody is getting even more support from Warren Buffett's Berkshire Hathaway and its bid for a bond.
According to the Wall Street Journal Berkshire will provide two and a half million dollars in financing.
Earlier today it was announced that Cody those boosted its bid to nearly ten point seven billion dollars.
It says that Berkshire's involvement lends credibility to the -- Nordstrom and Express Scripts will be in the spotlight in extended trading when the companies report their quarterly earnings the upscale department store Nordstrom's.
He's expected to post earnings of 75 cents on revenue of 2.5 two billion dollars.
Express Scripts projected earnings of 77 cents on revenue of eleven point five million dollars.
We continue our --