Overview
- People familiar with the matter say Henkel has submitted a takeover offer and is in discussions with Olaplex.
- No decision has been reached and the negotiations could end without a deal, with the companies declining to comment.
- Olaplex shares jumped sharply on the report, closing up about 22 percent Wednesday and trading near $1.66 on Thursday for a roughly $1.09 billion market value.
- Advent International remains the key decision-maker with close to 75 percent ownership of Olaplex.
- Analysts see a strategic rationale given Henkel’s hair portfolio, including Schwarzkopf, though some warn Olaplex’s challenges make a deal risky.