Natura Cosmeticos SA said Wednesday that it has reached an agreement to buy Avon Products Inc. in an all-stock deal valued at about $2 billion. Under the terms of the deal, each Avon share will be exchanged for 0.3 of a Natura share. Avon had about 443.2 million shares outstanding at March 31. The Wall Street Journal first reported on Wednesday...

Source: Wall Street Journal May 22, 2019 22:02 UTC