|Bid||89.86 x 43400|
|Ask||89.88 x 6700|
|Day's range||89.50 - 90.52|
|52-week range||62.24 - 97.80|
|Beta (5Y monthly)||0.61|
|PE ratio (TTM)||21.92|
|Earnings date||07 May 2018 - 11 May 2018|
|Forward dividend & yield||1.85 (2.04%)|
|Ex-dividend date||18 Jun 2020|
|1y target est||113.79|
News broke this week on a potential acquisition of American beauty company Coty Inc (NYSE: COTY) by German consumer goods company Henkel AG & Co. (OTC: HENOY). The sale would be a total takeover of Coty and would result in the complete rollup of all company assets into Henkel.
Just a few days after saying it'll buy reality TV star Kylie Jenner's beauty brands, Coty is seeing buying interest in some of its own brands. Sources tell Reuters European consumer goods giants Unilever and Henkel and buyout funds are exploring bids for some of Coty's top beauty brands, and a deal could be worth up to $7 billion. Coty, the old-line cosmetics maker, has struggled to integrate about 40 beauty brands, including Covergirl and Max Factor that it bought from Procter & Gamble. Faced with weak sales, it's expected to start an auction process in December. Coty also owns professional hair and nail care brands like Wella and Clairol. Sources say Colgate-Palmolive is interested in that part of Coty's portfolio. Coty, Henkel and Colgate-Palmolive declined to comment. Unilever was not immediately available for comment. Shares of Coty fell 2% in early trading Friday.