BODY SHOP OK'S L'ORAL BID.(Body Shop International PLC, L'Oreal S.A.) From: WWD | Date: March 20, 2006| Author: Costello, Brid; Groves, Ellen | COPYRIGHT 2006 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Brid Costello, Ellen Groves

LONDON - L'Oral plans to snatch The Body Shop.

The French beauty giant, confirming weeks of speculation, announced Friday that it will make a cash bid to acquire the British ethical manufacturer and retailer. It will offer 300 pence per share, or $5.27 at current exchange, valuing the company at 652 million pounds, or $1.14 billion.

"A partnership between our companies makes perfect sense," L'Oral chairman and ch...

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