Geiger & Blackstone have just published their takeover offer for $973 published:
HK$34 = €4.34 per share.
This is of course a nice premium on the last share price and also in terms of my total return, but I would have preferred to remain invested for the next few years.
The recently published strong sales figures from China and Brazil in particular whet my appetite for more. Coupled with the strong brand and a healthy balance sheet, I would also have expected the final takeover price to be reached in two years at the latest.
It is a pity, but there are also rumors on the market that Geiger and Blackstone would have L'Occitane listed on another stock exchange in the near future and aim for a higher valuation without the China penalty.
Let's wait and see... maybe the share really will make a comeback soon!
