shiseido-offers-17-billion-for-us-cosmetics-firm-bare-escentuals

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 listed on Nasdaq since 2006 when it raised $374 million in an initial public offering priced at $22.00 per share.

Shiseido's offer is conditional upon it securing a majority of Bare Escentuals' outstanding shares and...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222