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Why Avon drag its feet sold along on Kohl he's ten point seven billion dollar takeover offer Elizabeth MacDonald has found some possible reasons they just -- You all the way from ten point seven billion dollar -- -- right and they -- we know that -- has three times the size of -- but still seven billion dollars.
We have an interesting note out from Bernstein they're saying essentially.
That look at -- Avon lady was petrified over leaks during due diligence.
Tickets -- always something Avon has a host of problems the new CEO share in on the -- it hasn't overflowing inbox.
Take a look -- Avon is dealing with -- government bribery present China India Japan.
Also same typical types of bribery probes but even more extensive in Brazil Mexico and Argentina I think -- -- -- because this is a longer lasting older bribery probe.
-- probes also into alleged leaks about the Cody deals.
To analysts so -- deep -- here.
From the SEC into the analyst -- is also very scary phone records emails conference blogs chronology events all is anybody else can wanna touch -- because of this -- is a great question by -- doesn't seem so right now there was a rumor on the marketplace that another buyer could come -- and by the way this -- bid with that but Warren Buffett who's gonna provide equity financing.
But you know the rating agencies are really taken a -- to the hammer to -- -- -- -- reading.
I don't know -- not tell you something when you look at these legal costs.
On a quarterly basis or swapping their net profits at -- 24 million dollars in legal costs that's about what they made in the last quarter recently.
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