Blackstone (BX) is considering a bid for skin-care company L’Occitane (LCCTF), Vinicy Chan, Manuel Baigorri and Cathy Chan of Bloomberg report, citing people familiar with the matter. Blackstone has been conducting preliminary due diligence as it evaluates a potential offer and is considering teaming up with L’Occitane’s chairman Reinold Geiger on a buyout, sources told Bloomberg. L’Occitane has a market value of about $4.9B.
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