On February 5th, sources revealed that Blackstone Group is considering acquiring skincare company Oseltan.
It is reported that Blackstone Group has been conducting preliminary due diligence to evaluate the possibility of issuing a takeover offer for Oshudan. According to insiders, Blackstone Group is considering the possibility of partnering with the chairman of Oshudan Group, Leonard Geiger, to acquire the company.
According to exchange documents, an investment entity ultimately controlled by Geiger holds over 70% of the shares of Oshu Dan. The consultation work is still in its early stages, and it is uncertain whether a proposal will ultimately be formed. Insiders say that Ou Shudan may also attract the interest of other buyers. (Bloomberg)