NEW YORK--(BUSINESS WIRE)--
Coty Inc. (the “Company” or “Coty”) (NYSE: COTY) notes the extension of
the tender offer (the “Offer”) by Cottage Holdco B.V. (“Offeror”), an
affiliate of JAB Holding Company S.à r.l. (“JAB”), to purchase up to
150,000,000 shares of the Company’s Class A common stock (the “Shares”)
at a price of $11.65 per share in cash.
The Company has been informed by Offeror that the expiration date of the
Offer has been extended by Offeror from 5:00 P.M., New York City Time,
on March 29, 2019 to 5:00 P.M., New York City Time, on April 15, 2019,
subject to the further extension or earlier termination of the Offer by
Offeror.
The Offer remains subject to various closing conditions stated in
Offeror’s tender offer materials, including the receipt of regulatory
approvals, clearances and applicable waiting periods. As of April 1,
2019, Offeror has informed the Company that required regulatory
approvals, clearances or applicable waiting periods have been received
or expired in Brazil, Canada, China, the European Union, Mexico, South
Africa, Turkey, Ukraine, the United Kingdom and the United States.
Regulatory clearance in Russia remains outstanding.
Important Additional Information
This communication does not constitute an offer to buy or solicitation
of an offer to sell any securities. The Company has filed an amendment
and restatement of its Solicitation/Recommendation Statement on Schedule
14D-9 with the SEC. BEFORE MAKING ANY INVESTMENT DECISION, INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE AMENDED
SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 AND ANY OTHER
RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. These
materials are available free of charge by contacting the Company’s
information agent, Okapi Partners LLC, toll-free at (877) 629-6356 or by
contacting the Company’s Investor Relations Department at 350 Fifth
Avenue, New York, New York 10118 or calling 212-389-7300. In addition,
all of these materials (and all other tender offer documents filed with
the SEC) are available free of charge from the SEC through its website
at www.sec.gov.
About Coty Inc.
Coty is one of the world’s largest beauty companies with over $9 billion
in revenue, an iconic portfolio of brands and a purpose to celebrate and
liberate the diversity of consumers’ beauty. We believe the beauty of
humanity lies in the individuality of its people; beauty is at its best
when authentic; and beauty should make you feel happy, never sad. As the
global leader in fragrance, a strong number two in professional salon
hair color & styling, and number three in color cosmetics, Coty operates
three divisions: Consumer Beauty, which is focused on mass color
cosmetics, mass retail hair coloring and styling products, body care and
mass fragrances with brands such as COVERGIRL, Max Factor, Sally Hansen
and Rimmel; Luxury, which is focused on prestige fragrances and skincare
with brands such as Calvin Klein, Burberry, Marc Jacobs, Hugo Boss,
Gucci and philosophy; and Professional Beauty, which is focused on
servicing salon owners and professionals in both hair and nail, with
brands such as Wella Professionals, Sebastian Professional, OPI and ghd.
Coty has approximately 20,000 colleagues globally and its products are
sold in over 150 countries. Coty and its brands are committed to a range
of social causes as well as seeking to minimize its impact on the
environment.
For additional information about Coty Inc., please visit www.coty.com.
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Investor Relations
Christina
Frank, +1 212 389-6802
christina_frank@cotyinc.com
Olga
Levinzon, +1 212 389-7733
olga_levinzon@cotyinc.com
Media
Jennifer
Friedman, +1 917 754-8399
jennifer_friedman@cotyinc.com
Source: Coty Inc.