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Shiseido Completes Tender Offer in Bare Escentials Acquisition

As previously reported by GCI magazine, the transaction of Shiseido purchasing Bare Escentials is moving ahead, with Shiseido Co., Ltd. announcing the successful completion of a tender offer.

The tender was launched through Shiseido’s indirect wholly owned subsidiary, Blush Acquisition Corporation (BAC), to acquire all outstanding shares of common stock of Bare Escentuals, Inc. for $18.20 per share in cash. This tender offer was commenced on Jan. 25, 2010, and was completed on Monday, March 8, 2010.

When the transaction is finalized, Bare Escentuals will become a consolidated subsidiary of Shiseido.

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