Nearly half of disinterested shares will accept the Share Offer, signaling potential success with a "good enough" Offer Price. However, investors may face risks in Share Alternative.Cash is preferred
What is covered in the Full Insight:
Overview of L'Occitane's Privatization
Details on the Share Offer
Risks Associated with Choosing the Share Alternative
Comparison of Share and Cash Alternatives
Outlook and Probable Success of the Offer
Boomeranged on Mon, 24 Jun 2024 10:27
At the EGM held on Jun.21 2024, the poll results showed more than 50% of votes were cast in favour of the resolution in respect of the GA Disposal (with 289,269,359 (99.998564%) votes for the resolution). So the resolution was approved by the Shareholders.We think privatization will succeed as the Offer Price exceeds the all-time high closing price of HK$33.60/share since L'Occitane's IPO in 2010
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