Tuesday, May 22, 2012
Coty picks banks for planned autumn IPO
Beauty company Coty Inc has picked its lead underwriters for a planned initial public offering this fall, two days after it pulled a $10.7 billion unsolicited offer to buy Avon Products Inc (AVP.N), a person familiar with the matter told Reuters. The fragrance maker, founded in Paris in 1904 by François Coty, has selected Bank of America Merrill Lynch (BAC.N) and JPMorgan Chase & Co (JPM.N) to lead the IPO, the source said.Coty declined to comment, as did Bank of America and JPMorgan.Coty,
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