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Coty deal is federal tax-free for shareholders
September 2, 2016
By: TOM BRANNA
Editor
Today, The Procter & Gamble Company commenced an exchange offer for the separation of its global fine fragrances, salon professional, cosmetics and retail hair color businesses, along with select hair styling brands (collectively referred to as “P&G Specialty Beauty Brands”). This represents the next step in the proposed tax-efficient Reverse Morris Trust transaction with Coty Inc. announced on July 9, 2015. In the proposed split-off transaction, P&G will transfer the assets ...
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