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

L’Occitane International S.A. United States of America Canada France Germany Spain United Kingdom Hong Kong California

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