Mary Kay May Sell Part of Avon...
From Times Staff and Wire Reports
Mary Kay May Sell Part of Avon Stake: Mary Kay Corp., one of three partners in an investment group holding a sizeable stake in Avon Products Inc., said it may have to sell a portion of its Avon holdings. In a filing with the Securities and Exchange Commission, Dallas-based Mary Kay said it is involved in a tax dispute with the Internal Revenue Service. Mary Kay said the dispute may cause a subsidiary, Argonaut Partners LP, to liquidate a portion of its holdings in Avon. Argonaut is a member of Chartwell Associates, an investment group that holds a 19.8% stake in Avon.
