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Shiseido Completes Bare Escentuals Deal

Second-step merger closes $1.7 billion acquisition.

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By: TOM BRANNA

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It’s official—Shiseido Co., Ltd. has completed the subsequent offering period (offered by its indirect wholly-owned subsidiary Blush Acquisition Corporation) for the remaining shares of common stock of Bare Escentuals, Inc. This follows a tender offer for all of the outstanding Bare Escentuals’ shares for $18.20 per share in cash. The transaction completes the acquisition for approximately $1.7 billion through an all-cash tender offer and second-step merger. The boards of directors of ...

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