L’Occitane chairman offers different takeover plan

HONG KONG: Hong Kong-listed L’Occitane International says its chairman Reinold Geiger has offered minority shareholders an alternative takeover proposal, as he pursues to take the skincare firm private.

Geiger, whose firm owns about 72.4% of L’Occitane, is now offering the remaining shareholders an option between the existing HK$34 apiece cash offer and a scrip alternative of 10 shares in the new private entity for every share held.