Citi Downgrades Coty Inc. (COTY) to Neutral
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Coty (COTY), P&G (PG) Beauty Businesses Deal Would Be Accretive for Coty, Says Deutsche Bank
June 16, 2015 9:06 AM EDTDeutsche Bank analyst Bill Schmitz Jr commented on rumors from the New York Post that said Coty Inc. (NYSE: COTY) could pay $12 billion to acquire three beauty businesses from Procter & Gamble (NYSE: PG). If rumors prove to be accurate, he thinks the deal could be 28% accretive to Cotys FY16 EPS, assuming a Reverse Morris Trust (RMT) structure.
"Our analysis, which excludes any synergies, assumes that Coty issues 462m shares to P&Gs shareholders. Assuming relatively... More
Coty (COTY) Said to Acquire Beauty Lines, Wella Brand from Procter & Gamble (PG) - NY Post
June 16, 2015 7:50 AM EDTCoty, Inc. (NYSE: COTY) won auctions to purchase Procter & Gamble (NYSE: PG) product lines, including two beauty lines and hair-care line Wella, according to the New York Post. The total deal size could be $12 billion, sources said.
... More