Coty Products, a global beauty company whose shareholders include Berkshire Partners, has withdrawn a $10.7 billion acquisition offer for Avon Products (NYSE: AVP).
Advocat Inc. (Nasdaq: AVCA), a Brentwood, Tenn.-based provider of long-term care services to nursing center patients, has rejected a $50 million, or $8.50 per share, buyout offer from Covington Investments LLC. www.advocat.com
Advent International has agreed to sell nuclear fuel broker Nukem Energy GmbH to Canadian uranium miner Cameco Corp. (TMX: CCO) for $136 million. www.nukem.de
Barclays is planning to sell its French retail banking business, according to Les Echos. Possible buyers include HSBC and La Banque Postale. It plans to retain its corporate banking business in France.www.barclays.com
Hastings Diversified Utilities Fund (ASX: HDF), an Australian gas pipeline company, has received an A$1.25 billion buyout offer from an investor consortium that includes Caisse de depot et placement du Quebec. This follows an A$1.1 billion takeover offer from APA Group (ASX: APA). www.hfm.com.au
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