Summary by Moomoo AI
On July 23, 2024, L'Occitane Holding S.A. announced that its acquisition tender offer for L'Occitane International S.A. had been validly accepted, resulting in ownership of at least 90% of non-interested shares and becoming unconditional in all respects. According to relevant rules, the offeror has the right to forcefully acquire the remaining shares. The company provided further details of the forced acquisition on August 2, 2024, and announced the end of the offer acceptance on August 6, 2024. The offeror will forcefully acquire the remaining shares at a price of HK$34.00 per share and pay the total consideration to a trust account before October 8, 2024. The shares will be forcibly transferred to the offeror on October 15, 2024. Shareholders must provide ownership certificates and payment collection forms to receive payment. All relevant documents must be submitted before October 15, 2024. Shareholders also have the right to apply to the court for an injunction before the notification deadline, demanding that the offeror not be allowed to acquire their remaining shares.
