KKR to Work With JPMorgan on Coty Professional Beauty Products Bid --Sky News

Date : 02/07/2020 @ 6:26PM
Source : Dow Jones News
Stock : JP Morgan Chase and Co (JPM)
Quote : 102.76  8.46 (8.97%) @ 1:00AM
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KKR to Work With JPMorgan on Coty Professional Beauty Products Bid --Sky News

KKR (NYSE:KKR)
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--KKR & Co. (KKR) has hired JPMorgan Chase & Co. (JPM) to advise, and potentially finance, a roughly $8 billion bid for Coty Inc.'s (COTY) haircare brands, which include Clairol, GHD and Wella, Sky News reported.

--Coty said last year it would seek to sell its professional beauty and nail-products division.

--Coty could consider single offers for the whole portfolio or separate bids on some of its assets, including its Brazilian assets and GHD, Sky News said.

Full story:

https://news.sky.com/story/kkr-lines-up-bankers-for-8bn-wella-and-ghd-takeover-bid-11928515

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

February 07, 2020 13:11 ET (18:11 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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