Temasek Takes $5.7B Stake In Beauty Retailer AS Watson

Law360, New York (March 21, 2014, 2:56 PM EDT) -- Temasek Holdings Ltd. has purchased a 24.95 percent equity stake in A.S. Watson Group for $5.7 billion, the companies said on Friday, in a deal that gives Temasek access to one of Asia and Europe's largest international health and beauty retailers.

The $5.7 billion price tag for the deal — which is expected to close in April — represents about $41.50 per share. The transaction sees Temasek, a Singaporean investment company, acquiring a 24.95 percent stake in A.S. Watson, which is the retail division of Hong...
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