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 Wed, 24 Jul 2024 08:49
The Offeror has received valid acceptances that would result in Offeror holding no less than 90% of the Disinterested Shares (91.97% of Total Disinterested Shares). As expected, the privatization is successful. Settlement will take place in 7 business days of valid acceptance. The Offer remains open for acceptances for not less than 14 calendar days after it becomes unconditional (6 August 2024).
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