CORRECTED-Barington proposes Avon restructuring, warns against Cerberus deal (Dec. 3)
December 09, 2015 at 11:13 AM EST
Dec 3 (Reuters) - Investors led by Barington Capital have proposed a restructuring of Avon Products, saying the cosmetics maker is "significantly undervalued" and warning against the sale of its North American arm to Cerberus Capital Management.