Brazilian cosmetics company Natura is moving closer to to acquiring Avon Products in an all-stock deal. Natura would become the majority shareholder in the 133-year old company. Shares of both companies rose in mid-May with the news. The Financial Times has reported that the deal values Avon at more than $2 billion, and that Natura would own 76 percent of the combined group. Avon has roughly 1 million consultants in Brazil. The deal will reportedly not involve cash payments.