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Stock impact report

Billionaire Geiger Is Said to Near $7 Billion L'Occitane Buyout [BNN Bloomberg (Canada)]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: BNN Bloomberg
Geiger is considering making an offer for the L'Occitane shares he doesn't already own at HK$33 to HK$34 apiece as early as Monday, the people said, asking not to be identified because the deliberations are private. Blackstone Inc.'s tactical opportunities fund is poised to help fund the buyout deal, along with Goldman Sachs Group Inc.'s asset management arm, the people said. An offer may give L'Occitane an enterprise value of about €6.5 billion ($7 billion), the people said. Blackstone and Goldman Sachs Asset Management may provide about €1.6 billion in total funding, the people said. A vehicle ultimately controlled by Geiger, L'Occitane's chairman, already owns more than 70% of the company, exchange filings show. Trading of L'Occitane was suspended in Hong Kong on April 9, pending an announcement related to takeover codes. The stock closed at HK$29.50 a day earlier, giving the company a market value of about $5.6 billion. Geiger was close to a deal to take the skin-care compa Show less Read more
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