L’Oréal and Magic Holdings International Limited have issued a “joint announcement” regarding L’Oréal’s proposal to acquire all of the shares of Magic Holdings International Limited. The proposed price is 6,30 HK dollars per share. L’Oréal’s proposal is supported by Magic’s Board of Directors. Six key shareholders, representing 62,3% of the company’s equity, are already committed to supporting L’Oréal’s proposal. The…
