Shiseido offers $1.7 billion for US cosmetics firm Bare Escentuals

Shiseido buys US mineral-based cosmetics company Bare Escentuals as it seeks to diversify its revenues outside Japan.

Japanese cosmetics company Shiseido said late on Thursday that it will take over US cosmetics firm Bare Escentuals for $1.7 billion.

Shiseido is offering $18.20 per share to buy all of Bare Escentuals' outstanding shares in a tender offer scheduled to open later this month. The price represents a 40.8% premium over Bare Escentuals' average closing stock price over the three-month period ended January 13 and a 39.9% premium over the closing price on January 13. Bare Escentuals has been...

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