Shares of Avon Products, Inc. (NYSE: AVP) were moving higher today on news that a Brazilian company had approached the beauty supplier about a potential acquisition. As a result, shares of the struggling cosmetics company spiked, trading up 10.6% as of 2:47 p.m. EDT.Image source: Getty Images.According to The Wall Street Journal, Brazil's Natura Cosmeticos had broached the idea of a takeover with Avon, though it doesn't appear that discussions advanced from there. Avon told the Journal it had received interest from other potential buyers but was focused on a turnaround for the time being. Continue reading