PARIS — Trading of Groupe Clarins’ stock on the Paris Bourse was suspended today at the request of the company, which will issue a statement.
However, the French beauty firm would not specify when the statement would be issued.
Clarins’ stock stopped trading at 43.72 euros, or $68.76 at current exchange.
There has been longstanding speculation that Clarins might be the subject of a takeover bid by everyone from Estee Lauder Cos and L’Oreal to Procter & Gamble.
However, the majority shareholders, the Courtin-Clarins family has consistently denied its willingness to sell.
For complete coverage, see Friday’s WWD.