Coty increases share repurchase program by $600 million to accommodate planned hedged share buyback transaction of additional 25 million shares

New york--(business wire)--coty inc. (nyse: coty) today announced that its board of directors has increased its share repurchase program authorization by an additional $600 million to a total availability of approximately $1 billion. in connection with today's announcement, coty is entering into total return swaps in respect of its class a common stock with several banks to hedge its potential exposure to prevailing stock price trading levels over the applicable hedging periods for a planned sh.
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