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Announces plan to acquire Chinese cosmetic mask company.
August 15, 2013
By: TOM BRANNA
Editor
L’Oréal and Magic Holdings International Limited have issued today a “joint announcement” regarding L’Oréal’s proposal to acquire all of the shares of Magic Holdings International Limited. The proposed price is 6,30 HK dollars per share, according to the companies. L’Oréal’s proposal is supported by Magic’s board of directors. Six key shareholders, representing just over 62% of the company’s equity, are already committed to supporting L’Oréal’s proposal, according to a release from the Paris-b...
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