Summary by Moomoo AI
L'Occitane Holding S.A. (the "Offeror") and L'Occitane International S.A. (the "Company") announced on August 6, 2024 that the Offeror has received valid acceptance of 398,004,265 tendered shares as of the tender deadline, of which 394,262,665 shares were accepted by unrelated shareholders. The Offeror will settle in accordance with the terms in the comprehensive document and will complete the cash election and the settlement of the subscription rights offer within 7 business days after the unconditional date of the tender. In addition, the Offeror has obtained a sufficient acceptance ratio and will exercise compulsory acquisition rights and plans to privatize the Company. Trading of the Company's shares will be suspended on September 13, 2024 and is expected to be delisted on October 16, 2024. The Offeror will send a compulsory acquisition notice to the remaining shareholders on August 7, and will acquire the remaining shares at a price of HKD 34.00 per share after the end of the notice period.