Avon spikes, but authenticity of bidder questioned

Scott Eells | Bloomberg | Getty Images Avon Products Inc.

Scott Eells | Bloomberg | Getty Images
Avon Products Inc.

Avon‘s stock was halted three times during Thursday trading after reports surfaced that the company might be acquired by a company called PTG Capital Partners.

Quick research shows that there may be no such company.

The U.K. Companies House does not have a registration for a company called PTG Capital Partners.

CNBC tried to contact the firm, but the number listed is a mobile phone that goes straight to voicemail.

Avon declined CNBC’s request for comment. The NYSE initially told CNBC it had not heard from Avon or the reported bidder.

PTG Capital Partners named a Texas-based attorney, Michael Trose, in their filing. The Texas State Bar, however, has no record of any attorney named Trose.

The address and phone number for Trose in the filing belonged to Atrium Executive Business Centers in Fort Worth, Texas.

“I’ve never heard of him, and I’ve been here for 10 years,” said Sue Vis, a manager at Atrium.

Avon shares traded around $7.20 and reached a session high of $8. Click here to see where it is trading now.

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