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September 4, 2013
By: TOM BRANNA
Editor
CHINA: L’Oréal and Magic Holdings International Limited have issued a “joint announcement” regarding L’Oréal’s proposal to acquire all of the shares of Magic Holdings International. 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, the companies announced in August. Six key shareholders, representing 62% of the company’s equity, are already committed to supporting L’Oréal’s proposal, according to the Pari...
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