Announced
Completed
Financials
Tags
Cosmetics
United States
Merger
Completed
Friendly
Single Bidder
Majority
Private
beauty products
Acquisition
Synopsis
Coty, an American multinational beauty company, completed its merger with the Specialty Beauty Business of Procter & Gamble, an American multinational consumer goods corporation, in a $12.5bn deal. "Coty is now better positioned as we aim to become, over time, a global industry leader by being a clear challenger in beauty, delighting our consumers and creating long term shareholder value. I am confident that we now have a much improved team, structure and culture to make the vision of this merger a reality. I look forward to continuing to work with the new leadership team in my role as Chairman to drive Coty to in-market success and profitable growth," Bart Becht, Coty Chairman.
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