Don't Overreact to JAB's Tender Offer for Coty

Motley Fool - 02-14

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Coty (NYSE:COTY) stock recently rallied after German conglomerate JAB Holding made a tender offer for up to 150 million shares at $11.65 apiece. The offer, which values Coty at a 38% premium to its 90-day volume-weighted average share price prior to the announcement, could increase JAB's stake in Coty from 40% to as much as 60%.