After nearly six years of conjecture, rumour - plus the key shareholder (holding 72.63% of shares out) contemplating a takeover - we finally have an Offer for L'Occitane (973 HK).
The price? $34/share, a 30.77% premium to undisturbed, and a figure a shade below the HK$35/share flagged by Reuters last August deemed "false and without basis". The price is final.
This takeover is a Voluntary General Offer. The key condition is securing 90% of disinterested shareholders holding 27.36%. 9.6% of that number have provided irrevocable undertakings or letters of support.
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