NEW YORK--(BUSINESS WIRE)--
Coty Inc. (the “Company” or “Coty”) (NYSE: COTY) notes the consummation
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.
As previously announced, the Offer expired at 5:00 P.M., New York City
time, on April 26, 2019 (the “Expiration Date”), and was not further
extended. The Company has been informed by Offeror that, pursuant to the
Offer, Offeror has accepted for payment 150,000,000 Shares validly
tendered and not withdrawn prior to the Expiration Date for aggregate
consideration of approximately $1,747.5 million.
Offeror has informed the Company that, including Shares delivered
pursuant to notices of guaranteed delivery, the total number of Shares
validly tendered into the Offer and timely delivered was 336,614,903.
Because the Offer was oversubscribed, the number of Shares purchased
from each tendering stockholder has been prorated to limit the aggregate
number of Shares purchased to 150,000,000. Offeror has informed the
Company that the final proration factor for the Offer is 44.56%.
The Company remains a public company and the Shares continue to be
listed for trading on the New York Stock Exchange (“NYSE”). As a result
of the consummation of the Offer, the previously-announced Stockholders
Agreement (the “Stockholders Agreement”) by and among Offeror, JAB
Holdings B.V. and JAB Cosmetics B.V. became effective automatically and
immediately. Further information regarding the terms of the Stockholders
Agreement is available in the Company’s filings with the Securities and
Exchange Commission.
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.