00973 L'OCCITANE
- 32.950
- -0.050-0.15%
L'OCCITANE News
Shareholders of L'Occitane (00973) under the Hong Kong Stock Connect program can choose between cash or retaining stocks after privatization. The stock rose 1.53% in the afternoon after resuming trading.
L'occitane (00973) announced its revised privatization proposal, in which the controlling shareholder intends to exercise the right to provide stock options as an additional settlement method for tender offers. In this regard, the controlling shareholder has established a new holding company to become the offeror, proposing tender offers and issuing existing shares based on stock options. Minority shareholders accepting the tender offer may choose to receive (a) cash of CNY 34 per share, or (b) 10 surviving shares (rather than a combination of the two) as settlement. The tender offer price will not be increased. Assuming all minority shareholders accept the stock offer and choose cash.
L'OCCITANE (00973.HK): LOG has established a holding company as the offeror to make a tender offer and issue outstanding shares based on share selection. Trading will resume in the afternoon.
On June 17th, Gratia Holdings released information regarding the premium of approximately 15.25% offered by the controlling shareholder for the acquisition proposal of L'OCCITANE (00973.HK). L'OCCITANE reserves the right to provide share option (as stated in the preliminary announcement) as an additional settlement method for the share tender offer (referred to as "potential share option tender offer" in the preliminary announcement). If this right is exercised, a new announcement will be made in accordance with the regulations of the takeover code rule 3.5. On June 17th, 2024, L'OCCITANE informed the board of directors of its intention to exercise this right. In this regard, L'OCCITANE has established a new registered holding company to be used as an offer.
Express News | L'Occitane International - Revised Proposed Privatisation Offer Includes Cash Alternative of HK$34.00 for Each Offer Share
Express News | L'Occitane International SA - Revised Proposed Privatisation to Acquire All Issued and Outstanding Shares in Co
Express News | L'Occitane International SA - Trading in Shares Will Be Halted Pursuant to Code on Takeovers and Mergers
L'OCCITANE (00973.HK) briefly suspended trading this morning.
On June 17, Grace Connect reported that L'OCCITANE (00973.HK) announced that its shares will be temporarily suspended from trading at 9 a.m. this morning (6/17/2024).
Express News | HKEX - Trading in Shares of L'Occitane International S.A. Will Be Halted on June 17
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L'OCCITANE: NOTICE OF BOARD MEETING
L'Occitane International Provides Additional Information Regarding GA Disposal Agreement
L'Occitane International (HKG:0973) reported that the total payable amount to the company from the Grown Alchemist transactions, GA disposal agreement, and repayment or assignment of the shareholder l
Express News | L'Occitane International SA FY Gross Margin 46.3%
CARBIOS and L'OCCITANE Unveil 100% Recycled Transparent PET Bottle
L'Occitane Announces Privatization Updates and Investor Caution
L'OCCITANE (00973) transferred 105,300 shares from the company's inventory account in May
L'OCCITANE (00973) issued an announcement on May 2, 2024, since the company...
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Correction to L'Occitane Article on Monday
Reinold Geiger is Austrian. "L'Occitane Owner Offers Buyout That Values Company at $7.48 Billion -- Update," at 1549 GMT on Monday, incorrectly said Geiger was Australian.
L'Occitane Shares Surge After Buyout Bid by Billionaire Owner
L'Occitane International shares surged in Hong Kong after its controlling shareholder offered to take the company private in a bid valuing the business at 6 billion euros (US$6.43 billion).
L'Occitane Stocks Surge in Hong Kong After Privatisation Offer
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