L’Occitane Completes Share Acquisition and Goes Private

L’Occitane International SA (HK:0973) has released an update.

L’Occitane International S.A. has completed the compulsory acquisition of all outstanding shares not already owned by L’Occitane Holding S.A., effectively making the company a wholly-owned subsidiary as of October 15, 2024. The consideration for the acquisition has been paid into a trust account, with payment procedures detailed in the Compulsory Acquisition Notice available on the company’s website. Shareholders affected by the acquisition have until December 31, 2024, to claim their consideration.

For further insights into HK:0973 stock, check out TipRanks’ Stock Analysis page.