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Both companies have made offers to buy P&G’s beauty brands.
June 12, 2015
By: Marie Redding
Senior Editor
Henkel & Coty have both made binding offers to buy separate parts of Procter & Gamble Co’s beauty businesses, worth up to a total of $12 billion, reports Reuters. Henkel made an offer for P&G’s haircare business, which includes the Wella and Clairol brands. Coty has submitted bids for P&G’s fragrance unit and its cosmetics business.
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