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Coty
Inc.
COTY today announced that its Board of Directors has
approved a $700 million share repurchase authorization of its Class A
common stock. This authorization includes any amounts remaining under
the existing stock repurchase authorization.
"We continue to remain focused on returning capital to our shareholders
through share repurchases and dividends while continuing to invest in
our business. Our strong financial position and operating cash flow
enabled us to continue with, and increase the size of, our share
repurchase program. Today's announcement builds upon our continuing
commitment to our shareholders," stated Patrice de Talhouët, Coty
Executive Vice President and Chief Financial Officer.
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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