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The iconic American cosmetics firm is moving to the U.K.
Coty is world's biggest perfume maker, making scents for the likes of Calvin Klein and Stetson. In a statement, Avon said it wants nothing to do with the offer.
The beauty and fragrance company Coty went public with its offer to buy rival Avon for about $10 billion -- that's an offer Avon so far has rejected. And Express Scripts and Medco -- two companies that process prescriptions at the drug store -- have gotten federal approval for their merger.
The door-to-door make up company Avon got a buyout offer this morning from Coty for $10 billion. Coty is world's biggest perfume maker. It makes perfume for the likes of Calvin Klein and Stetson. In a statement, Avon said it wants nothing to do with the offer.