By  on May 14, 2012

Shareholders applauded Avon Products Inc.'s move to consider Coty Inc.'s takeover advances, but are still skeptical that a deal will go through.

Shares of Avon overcame a down market and were up 3.8 percent to $20.96 on Monday, but that's still well below Coty's tentative offer of $24.75 a share, which amounts to $10.65 billion.

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