Blackstone Considers Bid for L'Occitane International, Bloomberg Reports
By Denny Jacob
--Blackstone is considering a bid for L'Occitane International, Bloomberg reports, citing people familiar with the matter.
--The investing giant has been conducting preliminary due diligence as it evaluates a potential offer for the skincare company, according to the report.
--Blackstone is considering the possibility of teaming up with L'Occitane Chairman Reinold Geiger, who considered taking the company private last year, reports Bloomberg.
--Deliberations are at an early stage, and there is no certainty they will lead to a proposal, according to the report. L'Occitane could also attract interest from other suitors, it said.
Full story at https://www.bloomberg.com/news/articles/2024-02-05/blackstone-said-to-consider-bid-for-skin-care-company-l-occitane?srnd=premium
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 05, 2024 13:19 ET (18:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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