Content about Geography of England

April 9, 2012
Avon taps former J&J executive to fill CEO role

Avon, which recently rejected a bid from Coty, has ended its previously announced search for a new CEO by hiring former Johnson & Johnson executive Sheri McCoy to take the helm.

NEW YORK — Avon, which recently rejected a bid from Coty, has ended its previously announced search for a new CEO by hiring former Johnson & Johnson executive Sheri McCoy to take the helm.

McCoy will assume her role as Avon CEO as of April 23. The appointment brings to a close a four-month search to replace CEO Andrea Jung. Jung will continue as chairman of the board.

April 2, 2012
Coty proposes to acquire Avon

Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

NEW YORK — Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

Coty has submitted a nonbinding proposal to acquire Avon for $23.25 per share in cash. The proposal, valued at approximately $10 billion, represents a substantial premium of 27% over the three-month, volume-weighted average price for Avon shares, Coty stated.

March 8, 2011
UltiMed introduces 50-count needles offering for diabetes patients

UltiMed is offering 50-count pen needles for patients with diabetes, the company announced.

ST. PAUL, Minn. — UltiMed is offering 50-count pen needles for patients with diabetes, the company announced.

The company said the needles would give diabetes patients a high-quality and cost-effective option for their pen needle supplies. Before, pen needles were dispensed in quantities of 100.

UltiMed said its needles, manufactured in its De Smet, S.D., factory, are the only ones assembled in the United States.