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L’Oréal Acquires Clarisonic Maker Pacific Bioscience Laboratories

Posted: November 10, 2011

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The merger, subject to the approval of PBL’s shareholders and other closing conditions, is expected to close in December 2011. L’Oreal USA has received significant shareholder commitments to vote in favor of the acquisition, including Rosewood Capital and David Giuliani. PBL’s senior management team has committed to remain with L’Oréal USA to maintain the continuity of excellence.