Sep 04, 2023 02:54 PM
FINANCE
L’Occitane Halts Trading in Hong Kong as Take-Private Bets Swell
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A L’Occitane cosmetics store in Paris on July 31. Photo: Bloomberg
(Bloomberg) — L’Occitane International SA halted trading in Hong Kong ahead of an announcement that may spell out details on the French skin-care company’s potential take-private plan.
The firm said in August that its controlling shareholder was considering a possible deal to take the company private with a minimum possible offer of HK$26 ($3.31) per share. L’Occitane said at the time that it hadn’t received a firm offer and no definitive agreements had been entered into.
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