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News Summary: Coty plans to raise $700M in IPO

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News Summary: Coty plans to raise $700M in IPO
Submitted by Fox First at Ten on June 29th

By The Associated Press
GOING TO MARKET: Coty Inc. said Friday that it plans to raise $700 million in an initial public offering.
POST-AVON: The seller of perfume, OPI nail polish and other beauty products is moving on after dropping a $10.7 billion takeover bid for its much larger rival, Avon Products Inc.
DETAILS: Coty will list its stock under the "COTY" ticker symbol.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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