L’Occitane International SA (HK:0973) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into HK:0973 stock, check out TipRanks’ Stock Analysis page.