Shiseido To Acquire Bare Escentuals There’s gold in mineral makeup…at least for shareholders of Bare Escentuals. Shiseido will acquire Bare Escentuals for approximately $1.7 billion through an all-cash tender offer and second-step merger. The transaction was approved by the boards of directors of both companies by unanimous vote of those directors present and voting. Under terms of the agreement, Shiseido, through a U.S. subsidiary, will make an offer to purchase all outstanding sh...