L’Occitane International SA (HK:0973) has released an update.
L’Occitane International S.A. has announced a revised proposal for privatization, with J.P. Morgan Securities facilitating a Share Offer allowing shareholders to opt for either a cash alternative or share alternative in a newly formed holding company. The deal includes arrangements for outstanding and unvested shares, with the note that any securities in the private company will be illiquid, as there are no current plans for these to be re-listed on any stock exchange.
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