UPDATE 2-Avon shares jump as Brazil's Natura nears all-stock deal
May 22, 2019 at 10:32 AM EDT
Avon Products Inc jumped nearly 12 percent on Wednesday as Brazilian cosmetic maker Natura Cosmeticos SA moved closer to acquiring the U.S. company via an all-stock deal that would unite two of Brazil's most popular makeup brands and move Natura closer to its goal of a global market.