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-0.00301204819277115 -0.00301204819277115 -0.00301204819277115 -0.00301204819277115 0.00102409638554219 0.00301204819277102 0.00301204819277102 -0.00301204819277115
Stock impact report

Should Henkel Buy Olaplex? [Yahoo! Finance]

Olaplex Holdings, Inc. (OLPX) 
Company Research Source: Yahoo! Finance
It is in response to a Bloomberg report published Wednesday that Germany's Henkel has proposed a takeover offer for Olaplex Holdings Inc., based in New York. More from WWD Madonna Is Dolce & Gabbana's 'The One' in New Fragrance Campaign EXCLUSIVE: Emily DiDonato Is Fronting Vichy Laboratoires EXCLUSIVE: Kendall Jenner Named Emporio Armani Global Fragrance Ambassador Due to market-share losses and weak organic growth, Olaplex 's stock has declined more than 90 percent since the group went public in September 2021 on the Nasdaq. But the stock soared yesterday on Bloomberg's speculation, closing Wednesday up 22.2 percent. At noon ET Thursday, Olaplex's stock was trading up 0.3 percent to $1.66. The company's market capitalization is $1.09 billion. Meanwhile, Henkel stock had risen 1.5 percent to 69.70 euros. According to Bloomberg, the deal could happen within weeks, although it is not certain to come to fruition. The news outlet estimated private equity concern Advent I Show less Read more
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