L’Occitane Boss in Advanced Talks on $6.5 Billion Buyout
- Reinold Geiger discusses offer of up to HK$35 a share: sources
- Billionaire Geiger has lined up financing for proposed bid
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L’Occitane International SA’s controlling shareholder is in advanced talks on a potential deal to take the skin-care company private at a valuation of around $6.5 billion, people familiar with the matter said.
Billionaire Chairman Reinold Geiger has been discussing a possible offer of as much as HK$35 for each L’Occitane share he doesn’t already own, according to the people. Deliberations are ongoing, and the eventual proposal could end up being slightly lower, the people said, asking not to be identified because the information is private.