I still expect this deal to get up. But until the scrip Offer specifics are pinned down; and possibly an irrevocable attached to that scrip/cash option; this will continue to trade wide-ish to terms.
What is covered in the Full Insight:
Shareholder Register
Offer Details
Possible Concerns and Hurdles
Company Information
Peer Comparison and Performance
Boomeranged on Mon, 17 Jun 2024 12:45
L'Occitane announces the share alternative - 10 Rollover Shares for each Offer Share. Maximum L'Occitane shares to be rolled over is 737.431mn (5% of shares out). Pleasant Lake (3.25%) will accept the share offer (either cash or scrip). "The value of Offeror and your Rollover Shares in the future remains uncertain ..". Offer Doc out on (or before) the 2 July.
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