L’Occitane’s chairman Geiger offers scrip alternative to take firm private

Hong Kong-listed L’Occitane Worldwide’s chairman Reinold Geiger has equipped minority shareholders an different proposal as he pursues to rob the pores and skincare agency deepest.

Geiger, whose agency owns about 72.4 per cent of L’Occitane, is now offering the closing shareholders an choice between the present HK$34 apiece cash offer and a scrip different of 10 rollover shares for every portion held.