18 Jun 2024 --- L’Occitane updates its privatization bid, offering shareholders the option of receiving HK$34 (US$4.35) per share in cash or ten shares in the new private company for every share held. Billionaire chairman Reinold Geiger made the initial privatization bid in April with Blackstone and Goldman Sachs. Geiger currently owns over 70% of L’Occitane’s shares. For the offer to succeed, the company needs the consent of at least 90% of minority shareholders.
