Summary by Futu AI
On August 6, 2024, L'Occitane Holding S.A. (the "Offeror") and L'Occitane International S.A. (the "Company") announced that the Offeror has received valid acceptances for 398,004,265 shares of the offer shares, of which 394,262,665 shares were submitted for acceptance by unrelated shareholders. The Offeror will settle in accordance with the terms set forth in the comprehensive document, and complete the settlement of the cash option and the acquisition rights offer that has been attributed, within seven business days after the unconditional date of the offer. In addition, the Offeror has received a sufficient acceptance rate and intends to exercise the compulsory acquisition right and plans to privatize the Company. The company's shares will cease trading on September 13, 2024 and are expected to be delisted on October 16, 2024. The Offeror will issue a compulsory acquisition notice to the remaining shareholders on August 7, and purchase the remaining shares at a price of HKD 34.00 per share after the notice period ends.