Germany: billionaire family Reimann wants to take majority stake in cosmetics group Coty

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New York (AFP) The German billionaire family Reimann wants to take over the majority of the US cosmetics group Coty: Their investment company JAB offers the Coty shareholders $ 11.65 per share, which is almost 21 percent more than the closing price on Monday on Wall Street. Overall, JAB would take 1.75 billion dollars (1.55 billion euros) into the hand. So far, JAB owns about 40 percent of Coty. The holding aims for a share of 60 percent.

REF: https://www.zeit.de/news/2019-02/12/milliardaersfamilie-reimann-will-mehrheit-an-kosmetikkonzern-coty-uebernehmen-20190212-doc-1dd08i