Coty hints at higher Avon offer after due diligence

Subscriber Content Preview | Search Sign up for by | Published April 16, 2012 at 12:07 PM Coty Inc. on Monday reaffirmed its $10 billion unsolicited offer for Avon Products Inc., providing more details of its plans to finance the bid and hinting it might raise its offer if allowed to conduct due diligence.New York-based Coty put Avon in play earlier this month, proposing to pay $23.25 per share in cash for the cosmetics giant. Avon, also of New York, quickly rejected that bid as opportunistic and said it had no interest in discussing a transaction.Avon, which posted a