Coty Inc. Acquires Beauty Product Lines from P&G for $12B

“The value of the three deals could reach $12 billion, sources added. Coty, with a stable of brands, can achieve savings through synergies that other bidders, like private-equity firms, are unable to do. Coty for years has been acquiring brands waiting for the chance to join the big leagues in the consumer space. Winning the P&G auctions would catapult Coty into a much larger playing field.” Read more at The New York Post.