The stock market is down this morning, but Bare Escentuals (NASDAQ: BARE) is up 42% to $18.10. Yesterday, after the markets closed, Japanese cosmetics manufacturer Shiseido made a tender offer to purchase all BARE shares for $18.20 each, or a total purchase price of $1.7 billion. The acquisition allows Shiseido a quick entry into the major U.S. market since Bare Escentuals has a major presence here, including through Sephora and its own stores. The mineral makeup market is also growing rapidly, and Shiseido lacked an entrant in this market. Looks like 2010 is off to a big start in M&A activity!
Shiseido to Buy Bare Escentuals for $1.7 Billion - NYTimes.com
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