L’Occitane International SA (HK:0973) has released an update.
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L’Occitane International S.A. has announced the successful closure of its offer period, receiving substantial acceptances for both the share and cash alternatives, resulting in the Offeror, alongside its concert group, holding 99.36% of the company’s shares. This significant uptake by disinterested shareholders, who tendered approximately 97.68% of their shares, paves the way for the company to proceed with compulsory acquisition notices for the remaining shares.
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