Shiseido To Buy Bare Escentuals For $1.7B

Law360, New York (January 15, 2010, 1:28 PM EST) -- Japanese cosmetics company Shiseido Co. has announced plans to acquire Bare Escentuals Inc. for $1.7 billion, a move that would expand both companies' cosmetics portfolios and propel Bare Escentuals into the Asian market.

Shiseido and Bare Escentuals disclosed the transaction Thursday, saying both companies' boards of directors had already approved the all-cash tender offer.

According to the companies, Shiseido, through a U.S. subsidiary, will make an offer to purchase all outstanding shares of Bare Escentuals common stock for $18.20 per share, a figure that represents a...
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