L’Occitane International SA (HK:0973) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
L’Occitane International S.A. is proceeding with the compulsory acquisition of all outstanding shares following the receipt of valid acceptances surpassing 90% of the disinterested shares, effectively privatizing the company. Shareholders who still hold shares after the offer closing date will be offered HK$34.00 in cash per share, with the compulsory acquisition notices to be dispatched on August 7, 2024. The acquisition will be finalized after a 2-month notice period unless legally contested.
For further insights into HK:0973 stock, check out TipRanks’ Stock Analysis page.