By  on December 7, 2007

Reports circulated in the market late Thursday that Coty Inc. has signed a deal to buy Del Laboratories for an estimated $800 million. It is expected that the two firms could announce the acquisition as early as today.

Del Labs, which is owned by the New York private equity firm Kelso & Co., is known in the beauty industry for its Sally Hansen nail care — the market leader — but its business also includes over-the-counter pharmaceuticals, such as the Orajel brand.

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