Coty approves additional $200M share repurchase authorization Coty announced that its Board of Directors has approved an additional $200M share repurchase authorization of its Class A common stock. With this authorization and the $100M remaining under the already existing stock repurchase authorization, the company's total current share repurchase authorization is $300M.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: SunEdison (SUNE) downgraded to Neutral from Buy at UBS... Green Bancorp (GNBC) downgraded to Neutral from Buy at SunTrust... BOK Financial (BOKF) downgraded to Neutral from Buy at SunTrust... AGL Resources (GAS) downgraded to Hold from Buy at Argus... Coty (COTY) downgraded to Neutral at JPMorgan.
Coty aims to deliver annual savings of $270M by FY17 Coty said it is now aiming to deliver annual savings of $270M by FY17. The anticipated pre-tax charges associated with the Program remained unchanged at $250M-$300M. Having completed almost a full year following the organizational redesign and launch of the Global Efficiency Program, the company is raising its Global Efficiency Program savings target by 35% or $70M.
Coty announces $700M Class A share repurchase authorization Coty Inc. announced that its Board of Directors has approved a $700M share repurchase authorization of its Class A common stock. This authorization includes any amounts remaining under the existing stock repurchase authorization.