Editor
In an exchange filing published on June 17, the company updated its buyout offer, giving shareholders an option between the existing HK $34 ($4.35) per share in cash, or 10 shares in the new private company for every share held. Trading was halted in the morning in anticipation of the announcement, and resumed later the same day.
L’Occitane originally made an initial privatisation bid in April, with billionaire chairman Reinold Geiger…
