Coty Inc. (COTY) is among the best fundamentally strong penny stocks to buy according to analysts. On December 19, Reuters reported that Coty Inc. (NYSE:COTY) had sold its remaining 25.8% ownership in Wella, a multinational hair care and cosmetics brand, to KKR in a $750 million transaction, while retaining a share of proceeds from any sale or IPO in the future. Coty Inc. (NYSE:COTY) stated that it is entitled to 45% of any proceeds from a sale or IPO of the business after KKR’s preferred return is achie ...