Amway Discloses Avon Plan: Avon’s product line...

Amway Discloses Avon Plan: Avon’s product line would be expanded to include health aids if Avon Products accepts Amway Corp.’s $2.1-billion buyout offer, Amway said. Amway, which offered Avon $39 a share last week, disclosed the product expansion plan and other intentions in a letter to the board of the New York-based cosmetics firm. Avon Chairman James E. Preston has said the company is not for sale, but its board plans to meet its legal obligations to shareholders by considering the proposal. Amway, based in Ada, Mich., did not specify in its letter which products it would add. Amway also said Avon’s sales force would be operated separately if the takeover succeeds.