bullish
L'Occitane (973 HK): Ripe for a Makeover?
617 Views09 Aug 2023 18:37
HK$35 - the reported number from Reuters - would be a lifetime high. And around a 73% premium to the undisturbed price. If such a firm Offer were to unfold, this should be a done deal.
Boomeranged on Mon, 14 Aug 2023 09:45
L'Occitane (973 HK) confirms its controlling shareholder is contemplating a conditional voluntary general offer - apparently, not a Scheme. However, the speculated HK$35/share price is "false and without basis". A potential offer price would be no less than HK$26.00/share. L’Occitane confirms that it has not received any firm Offer at this time. Shares resumed trading this morning.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 4-minute read)
Discussions
(Paid Plans Only)
x