By  on June 27, 2008

PARIS - The Courtin-Clarins family, majority shareholders of Groupe Clarins, plans to buy out the company’s minority stakeholders for 842.79 million euros, or $1.327 billion at current exchange, according to a filing with Authorité des Marchés Financiers (AMF), France’s stock market watchdog.

That represents about a 29 percent premium on the price Clarins stock closed at early Thursday afternoon, when trading in the stock was suspended on the Paris Bourse.

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