Deals
Coty Agrees to Acquire Nail-Polish Maker OPI Products
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Coty Inc., the seller of perfumes by Sarah Jessica Parker and Vera Wang, agreed to buy nail-care company OPI Products Inc., gaining a portfolio with more than 200 shades and expanding into professional salons.
The companies didn’t disclose the terms of the deal in a statement today. New York-based Coty is paying about $1 billion in cash, two people with knowledge of the matter said yesterday.