L’Occitane International SA (HK:0973) has released an update.
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L’Occitane International SA, in collaboration with J.P. Morgan Securities, has announced a proposed privatization through a conditional voluntary general offer to acquire all issued shares not already owned by the offeror, and a liquidity arrangement concerning unvested awards. An extension until July 2, 2024, has been granted for the dispatch of the Composite Document, needed to finalize the company’s audited financial results and details of a Potential Share Alternative Offer. Shareholders and investors are advised to exercise caution in dealing with the company’s securities during this period.
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