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Shiseido Co Ltd Announces Commencement of Exclusive Negotiations with L'oreal S.A. toward Possible Sale of CARITA and DECLEOR Activities

Thursday, 17 Oct 2013 06:30pm EDT 

Shiseido Co Ltd announced that following receipt of a proposal from L'Oreal S.A. for the sale of its CARITA and DECLEOR activities, specialized in skincare, bodycare, hair care treatments and products for a price of approximately EUR 230 million subject to standard closing adjustments that exclusive negotiations have commenced with L'Oreal. 

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0.75 +0.59%
11:35am EDT