L'Occitane International S.A. Announces Offer from Controlling Shareholder to Take Company Private

Offer price of HK$34.00 in cash per share is final and represents approximately 60.83% premium to undisturbed 60-trading day average closing price of HK$21.14 per share.€1.7 billion take-private transaction values 100% of L'Occitane International S.A. at €6.0 billion on an equity value basis.Proposed privatisation unlocks immediate value for minority shareholders and aims to provide greater flexibility in making longer-term business decisions.Shareholders representing 25.79% of the Offer Shares held by Disinterested Shareholders have already committed to tender their shares, and an additional 12.17% have committed to recommend the offer or provided support letters.View original content:https://www.prnewswire.co.uk/news-releases/loccitane-international-sa-announces-offer-from-controlling-shareholder-to-take-company-private-302130217.html