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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.