27 Sep 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 Ian.Davey@scorpeo.com