|
 The news was earlier reported by the Wall Street Journal, which said
the FBI review was in its preliminary stages.
The U.S. Securities and Exchange Commission, which was running a
separate civil probe, has shared information with the FBI, the
report said, citing people familiar with the matter.
(http://on.wsj.com/1e5Sejr)
The apparently non-existent firm on Thursday offered to buy Avon for
almost thrice its market valuation.
PTG Capital Partners said in an SEC filing on Thursday that it would
pay $18.75 per Avon share, sending the company's stock up as much as
20 percent.
According to the SEC's Edgar company database, PTG is incorporated
in British Indian Ocean Territory, an archipelago between Africa and
Indonesia with no civilian population, according to the CIA's fact
book.
[to top of second column] |
A spokesman for the UK Foreign Office said there was no corporate
register in this territory.
Avon, whose shares were marginally up in after-market trading, said
it hadn't received any takeover bid.
(Reporting by Anannya Pramanick in Bengaluru and Lindsay Dunsmuir in
Washington; Editing by Joyjeet Das)
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