Avon Products (NYSE: AVP) has rejected an unsolicited $10 billion acquisition offer from Coty Products, a global beauty company owned by Berkshire Partners. The $23.25 per share deal would have represented a 20% premium to Avon’s closing stock price on Friday.
Dell Inc. (Nasdaq: DELL) has agreed to acquire Wyse Technology, a San Jose, Calif.-based provider of cloud client computing solutions, from shareholders like Garnett & Helfrich Capital. No financial terms were disclosed. www.dell.com
Bowmark Capital has sold Data Explorers, a provider of global securities lending data, to Markit, a UK-based financial information group whose shareholders include General Atlantic and Goldman Sachs.www.markit.com
Conduit Capital Partners has sold its remaining stake in Peruvian pipeline project Gasoducto Andina del Sur (“Kuntur”) to Brazilian construction group Odebrecht. No financial terms were disclosed.www.conduitcap.com
GF Capital has sold Airborne Inc., a provider of immune support products, to Schiff Nutrition International Inc. (NYSE: WNI) for $150 million in cash. www.schiffnutrition.com
Camargo Correa, a Brazilian construction group, has offered to acquire the 68.1% stake it does not already own in Cimpor, a Portuguese cement maker. www.camargocorrea.com.br
Chalco, a Chinese aluminum group, has agreed to acquire a control stake in Mongolian coal mining company SouthGobi Resources for $926 million. The seller was Ivanhoe Mines (TSX: IVN).
Daimler AG has denied a newspaper report that it has interest in bidding for motorcycle maker Ducati, which also has received interest from Volkswagen’s Audi.
Diageo PLC (LSE: DGE) has hired Goldman Sachs and HSBC to explore the acquisition of tequila makerJose Cuervo from Mexico’s Beckmann family, according to Bloomberg. The deal could be valued at more than $3 billion. www.diageo.com
Emerson (NYSE: EMR) has acquired the Marine Container and Boiler business of Johnson Controls Inc. (NYSE: JCI). No financial terms were disclosed. www.emersonelectric.com
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