Coty boosts buyout bid for Avon to about $10.7B

FILE - In this July 28, 2010 file photo, a container and brush of Super Full mascara by Avon sits on display in North Andover, Mass. Struggling Avon Products Inc. is rejecting a buyout offer worth about $10 billion from beauty company Coty Inc., as Coty went public with the bid Monday, April 2, 2012. (AP Photo/Elise Amendola, File)

May 10, 2012 9:57:58 AM PDT
Beauty products maker Coty Inc. is raising its buyout offer for larger rival Avon Products Inc. by about 6.5 percent to almost $10.7 billion.