October 17, 2016 / 11:41 AM / a year ago

BRIEF-Coty agrees to acquire GHD ("Good Hair Day")

Oct 17 (Reuters) - Coty Inc

* Coty agrees to acquire GHD (“Good Hair Day”) the world’s premium hair straighteners & appliances company

* Coty agrees to acquire GHD (“Good Hair Day”) the world’s premium hair straighteners & appliances company

* Deal for approximately 420 million

* Upon closing, acquisition is expected to be immediately accretive to Coty’s earnings

* Transaction will be funded with a combination of cash on hand and available debt facilities

* GHD will be managed as a standalone business led by its current CEO Anthony Davey and management team

* Coty to acquire GHD from Lion Capital LLP Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below