61% premium! L'Occitane announced privatization, ending 14 years of Hong Kong stock listing history

Following the suspension of trading on April 9, L'Occitane shares are expected to resume trading on April 30. L'Occitane Chairman Geiger decided to privatize L'Occitane at a premium of 61% higher than the average price in the 60 days before the public offer. If the acquisition is successful, L'Occitane will be delisted from the Hong Kong stock market, ending its 14-year listing history. On April 30, L'Occitane surged nearly 13%.

wallstreetcnApr 29 22:16 ET

L'Occitane's Owner Is Said to Prepare Buyout Offer

Seeking AlphaApr 28 16:05 ET

Blackstone Nears Privatization Of L'Occitane - Ending Skin-Care Giant's 14-Year Hong Kong Stock Exchange Run: Report

BenzingaApr 9 06:47 ET

Blackstone takes part in financing, L'Occitane nears privatization

According to reports, Kuroishi will join forces with L'Occitane Chairman Reinold Geiger to complete the management buyout (management buyout) of L'Occitane. Blackstone is likely to provide debt financing for the acquisition.

wallstreetcnApr 9 03:36 ET

Blackstone Nearing Acquisition of L'Occitane - Bloomberg

Seeking AlphaApr 8 22:29 ET

Express News | L'Occitane Shares Rise on Takeover Offer

Moomoo 24/7Aug 13, 2023 23:50 ET