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Tax driven arrangement valued at $12.5bn or more delivers one-time gain of $5bn-$7bn
Severance package of $1.8m paid to Elio Leoni Sceti after move to keep Becht in role
Investors hope former Reckitt Benckiser chief will repeat success at cosmetics group
Adding brands such as Olay and Wella would transform the group behind Rimmel
Chanel to take 16% stake in US beauty group as part of offer
Shares at the celebrity beauty products group are in need of some treatment
Group posts narrowed losses in first results as public company
IPO was at a heady valuation and is the US’s third-largest this year
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