Coty buys back 27.89M shares from investment firms

|About: Coty Inc. (COTY)|By:, SA News Editor

Coty (COTY +5%) announces it bought back shares from Berkshire Partners and Rhone Capital

The company says it will buy the lot of 27.89M shares at a price of $16.7779 per share.

The buybacks don't count against Coty's $200M share repurchase program.