bullish

L'Occitane

L'Occitane (973.HK) - The Privatization Is About to Succeed

955 Views18 Jun 2024 08:30
​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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Xinyao (Criss) Wang
HK/China Healthcare Analyst (ex-Fosun Pharma)
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