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October 10, 2005
By: TOM BRANNA
Avon International Holdings Co., a unit of Avon Products Inc. , has agreed to buy two Cayman Island companies for $154 million cash, according to a filing late Friday with the Securities and Exchange Commission. The two companies were acquired from Sarastro Ltd. Ldc., a Bahamian company. As a result of the acquisition, Avon said it will indirectly acquire an unnamed Colombian company. According to the filing, that company will in turn have acquired the Avon business in Colombia.
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