L'Occitane's chairman Geiger offers scrip alternative to take firm private
17/06/2024 05:25
June 17 (Reuters) - Hong Kong-listed L'Occitane
International's 0973.HK chairman Reinold Geiger has offered
minority shareholders an alternative proposal as he pursues to
take the skin care firm private.
Geiger, whose firm owns about 72.4% of L'Occitane, is now
offering the remaining shareholders an option between the
existing HK$34 apiece cash offer and a scrip alternative of 10
rollover shares for every share held.
(Reporting by Sameer Manekar in Bengaluru; Editing by
Subhranshu Sahu)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))