Multiple sources have told WWD that Coty (COTY) may be seeking buyers for its businesses, the website’s Jennifer Weil and Kathryn Hopkins report. Coty is looking for buyers, “but it would not be a one-and-done deal,” WWD reports, citing multiple industry sources. The talks are in the very early stages, sources told the website. Shares of Coty are up 10%, or 48c, to $5.22 in midday trading following the report.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COTY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue