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Stock impact report

Olaplex to be acquired by German company Henkel in $1.4 billion deal [CNBC]

Olaplex Holdings, Inc. (OLPX) 
Company Research Source: CNBC
In this article A bottle of Olaplex N.4 Bond Maintenance Shampoo arranged in Denver, Colorado, US, on Thursday, Dec. 8, 2022. German consumer brand Henkel announced Thursday that it has agreed to acquire all of prestige haircare brand Olaplex for $1.4 billion. The company said the deal, at an offer price of $2.06 per share, was unanimously approved by Olaplex's board of directors and marks an “important milestone” in Henkel's business strategy. “The planned acquisition of OLAPLEX is fully in line with Henkel's strategy to expand its portfolio through compelling, value-adding M&A activities,” Henkel CEO Carsten Knobel said in a statement. “This transaction allows us to expand our presence in premium hair care. The brand creates compelling opportunities for future growth and innovation.” Henkel owns brands like Got2b and Purex. Olaplex said the deal represented a premium of more than 50% over its closing stock price on Wednesday and would allow the company to explore new op Show less Read more
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