Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Coty Inc. (NYSE: COTY) (“Coty” or the “Company”) with KKR. Upon the closing of the transaction, Coty will redeem approximately half of KKR’s outstanding convertible preferred shares and accrued dividends, or the equivalent of approximately 47 million shares of the Company’s common stock, for approximately 9% of Wella held by Coty in a transaction valued at approximately $426.5 million. KKR will reduce its ownership to the equivalent of about 45 million Coty Class A shares, representing an approximate 5.2% stake in Coty.
The Coty merger investigation concerns whether the Board of Coty has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
To receive more information, please fill out the form.