bullish
L'Occitane (973 HK): Tendering Now Open
David has highlighted this Insight as a Top Pick
655 Views02 Jul 2024 09:35
This is done. The Offeror is over halfway to the 90% acceptance condition. Trading at a gross/annualised return of 2.4%/33.6% assuming payment on the 1st August (and unconditional on the first close).
What is covered in the Full Insight:
- Introduction
- Conclusions First
- The Trade
- The New News
- Recap of the Transaction
Boomeranged on Wed, 24 Jul 2024 08:25
The Offer for L'Occitane (973 HK) is now unconditional in all respects. 91.97% of disinterested shareholders tendered, giving the Geiger/Concert Group 97.8% of shares out. Settlement to occur within 7 days of valid acceptances. Offer closes on the 6th August (14 days from unconditional date). So that's that.
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, 6-minute read)
Discussions
(Paid Plans Only)
x