bullish
L'Occitane (973 HK): Tendering Now Open
David has highlighted this Insight as a Top Pick
658 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.
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