L'Occitane shares rise on report of potential Blackstone offer

L’Occitane International’s shares rose sharply after a report that Blackstone is considering a bid for the skincare company. L’Occitane’s shares 973, +8.46% gained 9.4% to 28.45 Hong Kong dollars in early Asian trade Tuesday, on track for its largest daily percentage gain since last May. Private equity firm Blackstone BX, -2.50% has been conducting preliminary due diligence as it mulls a potential offer for the skincare company, Bloomberg reported, citing people familiar with the matter. Blackstone is al ...