Brief: LG Household & Health Care To Acquire New Avon Llc

LG H&H

25/04/2019 06:10

April 25 (Reuters) - LG Household & Healthcare Ltd
 051900.KS :
    * LG HOUSEHOLD & HEALTH CARE TO ACQUIRE NEW AVON, LLC
    * AGREEMENT TO ACQUIRE NEW AVON, LLC ("AVON NORTH AMERICA")
FOR
$125 MILLION IN CASH
    * LG HOUSEHOLD & HEALTHCARE - LG H&H WILL ACQUIRE ENTIRETY
OF
CERBERUS' MAJORITY INTEREST AND AVON WORLDWIDE'S MINORITY
INTEREST IN AVON NORTH AMERICA
    * TRANSACTION HAS BEEN APPROVED BY LG H&H BOARD OF DIRECTORS

Source text for Eikon:  ID:nPn7xs0Zsa 
Further company coverage:  051900.KS 

 ((Reuters.Briefs@thomsonreuters.com;))