Coty and Procter & Gamble Move towards Finalizing Exchange Offer

Updated with comment from S&P – With additional reporting by Stephen Velgot – Coty, Inc. is close to completing its July 2015 announced deal to buy 43 of Procter & Gamble Co.’s beauty brands for about $12.5 billion in a Reverse Morris Trust transaction.

P&G is offering its shareholders the ability to exchange their P&G shares for shares of Coty at as much as a 7% discount. The

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Diane Alter

Diane Alter

Diane Alter began covering stories for CTFN in September of 2014, and has since developed an extensive network of contacts in the antitrust community and among academia, institutional shareholders, and corporate leaders. Diane previously reported on business and markets for publications including CNN Money, CBS News, the San Francisco Chronicle, Boston.com, IPO News, AOL Finance, and Yahoo Finance. Diane attended Virginia Tech and Penn State and has a business management degree from Brookdale College.

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