P G Accepts Coty’s Offer of $12.5 Billion to Merge 43 P G Beauty Brands with Coty

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CINCINNATI--(BUSINESS WIRE)--The Procter & Gamble Company (NYSE:PG) announced the signing of a definitive agreement to merge 43 of its beauty brands (“RMT Brands”) with Coty Inc. in a Reverse Morris Trust transaction. The transaction includes P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands. P&G Chairman, President and Chief Executive Officer, AG Lafley, commented: “This represents

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