Natura confirms 'advanced' talks for all-share merger with Avon Products
Natura Cosmeticos S.A., in compliance with the provisions of the Brazilian Corporate Law and with the provisions of the Brazilian Securities Commission, in light of the information published today on the article "Brazil's Natura agrees to buy Avon in all-stock deal" on the online edition of the Financial Times, reproduced by other communication vehicles, hereby informs its shareholders and the market in general that the company has engaged in discussions with Avon Products concerning a potential transaction involving both companies. The company confirms that it is in advanced discussions with Avon concerning a potential acquisition of Avon, to acquire Avon by means of an all-share merger, that would result in the combination of the businesses, operations and shareholding bases of Natura and Avon. The parties are currently to negotiating final contractual terms of the transaction. Any potential transaction would be subject to the applicable regulatory approvals, as well as approval by the management bodies and shareholders of the parties. "There can be no guarantee that a definitive transaction will be announced or the other terms. The company will keep its shareholders and the market in general up to date with respect to any material facts relating to the matter and does not intend to comment on market rumors on the timing expected for an announcement of a potential transaction with Avon of any such agreement," Natura stated.