Coty buying 43 brands from Procter & Gamble

New York • Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor. P&G said Thursday that it puts the deal’s value at about $15 billion. That includes stock valued at about $13.1 billion and $1.9 billion in debt, but the debt could range between $1.9 billion and $3.9 billion. The deal includes P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, and certain hair styling brands. Other ...

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