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News Summary: Coty plans to raise $700M in IPO

By The Associated Press
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GOING TO MARKET: Coty Inc. said Friday that it plans to raise $700 million in an initial public offering.

POST-AVON: The seller of perfume, OPI nail polish and other beauty products is moving on after dropping a $10.7 billion takeover bid for its much larger rival, Avon Products Inc.

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