We update our forecasts for Avon’s proposed acquisition of the 3M ballistic protection business. We believe it is an excellent deal for Avon and great use of the cash on the balance sheet, in line with strategy and which, alongside organic growth in Avon Protection, reflected our thesis on the stock.
09 Aug 2019
Avon Rubber – Updating for 3M Ballistics Deal – moving to neutral
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Avon Rubber – Updating for 3M Ballistics Deal – moving to neutral
Avon Protection PLC (AVON:LON) | 1,082 64.9 0.6% | Mkt Cap: 327.4m
- Published:
09 Aug 2019 -
Author:
Andrew Simms -
Pages:
5
We update our forecasts for Avon’s proposed acquisition of the 3M ballistic protection business. We believe it is an excellent deal for Avon and great use of the cash on the balance sheet, in line with strategy and which, alongside organic growth in Avon Protection, reflected our thesis on the stock.