Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor. P&G puts the deal's value at about $15 billion. That amount includes stock valued at about $13.1 billion and $1.9 billion in debt, but the debt could range from $1.9 billion to $3.9 billion.
July 23, 2015 at 01:00 AM
1 minute read
Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor. P&G puts the deal’s value at about $15 billion.
That amount includes stock valued at about $13.1 billion and $1.9 billion in debt, but the debt could range from $1.9 billion to $3.9 billion.
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