L’Occitane’s Major Moves in Privatization Bid

L’Occitane International SA (HK:0973) has released an update.

L’Occitane International S.A. has been involved in significant market activity, with Goldman Sachs (Asia) L.L.C. closing out multiple derivative contracts on behalf of The Goldman Sachs Group, Inc. and its affiliates. The transactions, which were executed for the company’s own account, included a notable deal for 509,750 securities at a reference price of $32.0968, amounting to over $16 million. This move is part of a broader privatization strategy through a general offer, as disclosed under the Hong Kong Code on Takeovers and Mergers.

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