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Tender offer is a hit with investors.
April 29, 2019
By: TOM BRANNA
Enough is enough. JAB Holdings has boosted its share in troubled Coty, taking back majority control after strong investor response to its tender offer. The move follows Coty's inability to successfully digest its $12.5 billion acquisition of several Procter & Gamble beauty brands in 2015. A new management team is in place and later this year is expected to reveal a turnaround plan for Coty.
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