Fragrance Group unveils $313.8m takeover bid for LCD Global Investments

It has inked a JV with Aspial Corporation.

Fragrance Group today revealed that it aims to acquire LCD Global Investments for a maximum aggregate consideration of $313.8m.

Fragrance Group has inked a joint venture agreement with Aspial Corporation, which owns 9.53% of LCD shares.

The aggregate maximum consideration for the offer, based on the Non-Deferral Offer Price is $313.8m, which takes into account the prevailing market price of LCD and the premiums for comparable transactions. 

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