French beauty brand L'Occitane halts Hong Kong trading over takeover / Photo: © AFP
-
Hamilton stung by three-place grid penalty
-
Spain fights to 'save lives' as wildfire evacuees shelter in Madrid
-
Howe uncertain if Guimaraes will stay with Newcastle amid Arsenal interest
-
Palestinians bury four killed in West Bank clash with Israeli settlers
-
Varane concussions motivate Como to ban heading in academy teams
-
49ers coach Shanahan injured in car crash
-
'Amazing' Pogacar-Del Toro friendship lights up Tour de France
-
China evacuates 340,000 people as Typhoon Noul approaches
-
Crisis-hit Flavio Bolsonaro launches presidential candidacy in Brazil
-
Norris back on pole for Mercedes at Hungarian GP
-
As wildfires grip France and Spain, what are the risks from the smoke?
-
Ukraine strikes Siberia refinery as Kazakh leader tells Putin war should end
-
Pogacar set to win Tour de France, Carapaz claims Queen stage
-
Kishan, Varma hit half centuries as India win Zimbabwe T20 series
-
India's education minister resigns, end called to Delhi protests
-
Houthis target Saudi oil as new Middle East front
-
Devastating wildfires send 267,000 fleeing in France and Spain
-
Madeleine McCann's brother reaches Commonwealth Games final
-
Ipswich sign Japan forward Maeda from Celtic
-
Thousands sheltered in Bordeaux as France wildfires trigger exodus
-
Norris finds pace to edge Hamilton in last Hungarian practice
-
Houthis say hit Saudi Arabia as fighting spreads on new Middle East front
-
China evacuates 20,000 people as Typhoon Noul nears
-
Untamed wildfires in Spain, France force over 200,000 to flee
-
Man City's Khusanov signs new five-year contract
-
Spain fights to 'save lives' as wildfires rage near Madrid
-
Atletico complete Lee signing from PSG
-
Spain striker Paralluelo joins Lyon from Barcelona
-
After stellar World Cup, Cape Verde goalkeeper heading to Chile
-
Untamed wildfires force over 160,000 to flee in France, Spain
-
Six ancient Comoros medinas join UNESCO's heritage list
-
Houthis say hit Saudi Arabia as Trump weighs harder Iran strikes
-
Cameroon leader's absence sparks debate over government inaction
-
Houthis claim strike on Saudi Arabia as conflict deepens
-
'Betrayal': The young victims of India's exam leak scandal
-
Teenager allegedly slain by singer D4vd had abortion, court told
-
'The Odyssey' sparks IMAX stampede -- and a backlash
-
100-year-old Mel Brooks lands at Comic-Con for 'Spaceballs' sequel
-
Houthis vow retaliation for Saudi strikes as conflict deepens
-
New York's noisy food carts go electric in clean air trial
-
SpaceX carries out successful Starship test flight, first since going public
-
Lyles wins US 100m title in world-leading 9.79sec
-
Meta quits clean energy pledge amid gas-powered data center push
-
Nazgul haunt the hall as 'Rings of Power' trailer airs at Comic-Con
-
Turk's term as UN human rights chief extended despite US warnings
-
Trump orders disclaimer signs outside museum of American history
-
US measles outbreak the worst in 35 years: official data
-
Mahomes back in full practice, 'optimistic' for NFL opener
-
Trump weighs harder Iran strikes as conflict widens
-
US panel endorses more unproven if buzzy peptides
French beauty brand L'Occitane halts Hong Kong trading over takeover
French beauty company L'Occitane on Tuesday halted trading of its Hong Kong-listed shares pending an announcement of a takeover, according to a company notice to the bourse.
The buyout would be a take-private deal jointly launched by US private equity giant Blackstone and L'Occitane's billionaire owner Reinold Geiger, Bloomberg reported.
The $5.55 billion Hong Kong-listed L'Occitane International rejected last September a buyout offer from Geiger's investment holding company, L'Occitane Group.
At the time, L'Occitane Group held more than 72 percent of L'Occitane International.
Bloomberg reported in February that Blackstone had been conducting preliminary due diligence for a potential bid for L'Occitane International.
Founded in France's southern region of Provence in 1976, the luxury cosmetics retailer went public in Hong Kong in 2010.
Its share price peaked in 2022 at HK$32.45 ($4.14), more than double its IPO price.
I.Meyer--BTB
