October 4, 2019 / 12:33 PM / 17 days ago

Brazil's Natura adjusts conversion rate in Avon deal: filing

SAO PAULO (Reuters) - Brazil’s Natura Cosmeticos SA (NATU3.SA) announced on Friday an amendment to the acquisition agreement of Avon Products (AVP.N) to adjust the conversion rate to recent changes in Natura´s capital.

Each Avon share will be exchanged for 0.3 Natura American Depositary Receipts (ADRs). As each ADR represents two Natura shares, each Avon share will be equivalent to 0.6 Natura stock.

Reporting by Tatiana Bautzer; Editing by Susan Fenton

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