The Deal in Motion
Blackstone, the renowned private equity firm listed on the NYSE under the ticker symbol BX, is on the brink of finalizing a deal to acquire the esteemed skin-care manufacturer L’Occitane International SA (OTCPK: LCCTF). The news emerged courtesy of a Bloomberg report on Monday, attributing the information to sources intimate with the proceedings.
Collaborative Takeover
The acquisition may see Blackstone collaborating with the billionaire owner of L’Occitane, Reinold Geiger, to orchestrate the takeover. Although not set in stone, reports suggest an impending announcement possibly within the upcoming days.
Market Suspense
Prior to trading on Tuesday in Hong Kong, L’Occitane experienced a suspension in trading activities. This halt was in anticipation of an impending announcement connected to abide by takeover regulatory frameworks. L’Occitane currently boasts a market capitalization of around $5.6 billion.
Stumbling Blocks and Possibilities
Despite the advanced stages of negotiations, there remains a possibility of setbacks or even the collapse of the deal, as highlighted by the Bloomberg report. Additionally, there are murmurings of Blackstone possibly adopting a minority stake in the resultant acquisition, as per sources divulging details to Bloomberg.
Historical Context
This prospective deal follows closely on the heels of a disclosure by Bloomberg back in February, indicating that Blackstone was contemplating an offer for L’Occitane. The culmination of these deliberations appears to be taking shape in the current discussions between the parties involved.