Shareholders will be wary of the latest rumour due to Mr Geiger’s aborted offer on 4 September 2023. Nevertheless, the valuation is undemanding compared to peer multiples.
Boomeranged on Tue, 9 Apr 2024 13:19
L’Occitane is on a trading halt pursuant to the Code on Takeovers and Mergers. Bloomberg reports that Blackstone is nearing a privatisation deal and may team up with Reinold Geiger, the Chairman and the largest shareholder.
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