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Avon calling sterling-silver jeweler Silpada

Beauty products direct-seller Avon Products Inc. said it will buy closely held sterling-silver jewelry seller Silpada Designs Inc. for at least $650 million.

An additional payment will be made to Silpada shareholders in early 2015 if certain earnings-growth targets are hit. There is no contractual minimum or maximum to this potential payment, but Avon estimated that it could range from $50 million to $100 million. Get the full story »