Shiseido Co. Ltd. (TYO:4911) has announced that it has entered into a definitive agreement to acquire Bare Escentuals. The acquisition worth is totaled at $1.7 billion through an all cash tender offer and a second step merger. The acquisition is currently waiting for approval by the Boards of Directors for both companies.
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Bare Escentuals is a leading prestige cosmetic company in the United States. The company uses a multi channel distribution model to develop to aid in the development, marketing, and sale of cosmetics, skin care, and body care products. It operates under the brand names of bareMinerals, RareMinerals, Buxom, and md formulations around the world.
Shiseido Company, Limited. is a Japan-based company engaged in the manufacturing and sale of cosmetics, toiletries, beauty products, health foods, beauty foods and pharmaceuticals. The Company operates in three business segments. The Domestic Cosmetics segment offers cosmetics, toiletries, beauty products, health foods, beauty foods and pharmaceuticals to the domestic market, as well as provides mail order services. The Overseas Cosmetic segment offers cosmetics, toiletries and beauty products to overseas markets. The Others segment is engaged in the manufacture and sale of cosmetics materials, pharmaceuticals for medical uses and aesthetic medical cosmetics, the sale of clothing and miscellaneous goods, as well as the restaurant business. The Company has 91 subsidiaries and 20 associated companies. In December 2009, the Company announced that it had established a 100%-owned subsidiary, Shiseido Cosmetics Vietnam Company Limited.
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