JAB Proposes Partial Tender Offer to Acquire Additional Shares of Coty

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Go back to JAB Proposes Partial Tender Offer to Acquire Additional Shares of Coty

Coty Inc. (COTY) Short Squeeze via JAB Offer; PT Raised to $11 at Deutsche Bank

February 12, 2019 12:23 PM EST

Deutsche Bank analyst Faiza Alwy raised the price target on Coty Inc. (NYSE: COTY) to $11.00 (from $9.00) while maintaining a Hold rating after JAB said it was looking to buy up to 150 million shares at $11.65.

"We expect JAB to be able to successfully execute on this tender offer, noting that there were 66 million shares... More