P&G To Sell 43 Beauty Brands To Coty In $12.5B Deal

Lowell Yoder and Timothy Shuman led a McDermott team that provided US antitrust and tax counsel (the latter involving guidance on a Reverse Morris Trust for a tax-friendly transaction structure) to cosmetics giant Coty in its $12.5 billion purchase of 43 beauty product brands from Procter & Gamble. Other team members included Barry Quirke, Philip Levine and John Robert.