CIMBALI
Friday 22 November 2024
  • DVG De Vecchi
  • La Cimbali

Jab proposes partial tender offer to acquire additional shares of Coty

Must read

  • Dalla Corte
TME - Cialdy Evo
Demuslab

NEW YORK, U.S. – JAB, a global investment firm focused on long-term investing in premium brands in consumer goods and services, yesterday announced that an affiliate will shortly commence a tender offer pursuant to which JAB Cosmetics B.V. would acquire up to 150 million additional shares of Coty Inc. COTY, Class A common stock at a price of $11.65 per share in cash.

The offer is subject to, among other things, approval of Coty’s independent directors.

About JAB Holding Company

JAB Holding Company and JAB Consumer Fund invest in companies with premium brands, attractive growth and strong cash flow dynamics in the consumer category.

Together, JAB Holding Company and JAB Consumer Fund have controlling stakes in Keurig Dr Pepper, a challenger & leader in the North American beverage market, Jacobs Douwe Egberts (JDE), the largest pure-play FMCG coffee company in the world, Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading company in the ready-to-eat food market, Peet’s Coffee & Tea, a premier specialty coffee and tea company, Caribou Coffee Company, a specialty retailer of high-quality premium coffee products, Einstein Noah Restaurant Group, Inc., the leader in the North-American bagel category, Krispy Kreme Doughnuts, a global leader in doughnuts and other premium-quality sweet treats, and in Espresso House, the largest branded coffee shop chain in Scandinavia.

JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods company Bally as well as a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home products.

CIMBALI

Latest article

  • Franke Mytico
  • Gimoka
Demus Art of decaffeination