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Offers $11.65 per share.
February 12, 2019
By: Christine Esposito
Editor-in-Chief
Global investment firm JAB Holdings has announced that it will commence a tender offer pursuant to acquire up to 150 million additional shares of Coty Inc. Class A common stock at a price of $11.65 per share in cash. The offer is subject to, among other things, approval of Coty’s independent directors. According to JAB, the offer represents a premium of approximately 38% to the 90-day volume-weighted average share price as of yesterday, a premium of approximately 51% to the 30-day volume-weig...
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