L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal

L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private offer it last month said would be worth no less than HK$26.00 a share.

from Business of Fashion https://ift.tt/kI4b0Fh