PG / Coty Exchange Offer

P&G shareholders were given the option to tender in their shares and receive Coty shares, subject to a pro-rata allocation and minimum acceptance requirement.

Scorpeo analysed the pricing dynamics and tender process and provided an estimated pro-rate acceptance level.

Our mid of pro-rate range at 15.7% compared to preliminary and finall results of 15.01%  and 15.0123% respectfully.


For full access to this and future reports please contact  Ian Davey on +44 (0)203 598 2010 or email