Avon Products, Inc. (AVP) Hoax Buyout Sends Shares Soaring; Your Move SEC
May 14, 2015 at 22:33 PM EDT
Avon Products, Inc. products skyrocketed as much as 20% to $8.00 per share in Thursday’s market trading. The spike was caused by regulatory filing from a certain PTG Capital Partners indicating its intention to buy the company for $18.75 per share.