Stifel Affirms Coty (COTY) at 'Buy'; ghd Acquisition Shows Willingness to Perform Deals

Coty (COTY) to Acquire 'Good Hair Day' in ~$510M Deal

Coty Inc. (NYSE: COTY) announced that it has reached a definitive agreement to acquire ghd (www.ghdhair.com), a premium brand in high-end hairstyling appliances from Lion Capital LLP for approximately 420 million (ca.USD$510 million) in cash. The transaction will be funded with a combination of cash on hand and available debt facilities. Upon closing, the... More