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S&P Raises Bare Escentuals Rating To A From B+ After Shiseido Completed Outstanding Share Purchase (BARE)

Written on Sun, 03/14/2010 - 12:11pm
By Chip Brian

3/14/2010- Standard & Poor's Rating Services raised its rating on Bare Escentuals Inc. (NASDAQ:BARE) after Shiseido Co. completed its purchase of the company's outstanding shares.
S&P raised the company's corporate rating and senior secured bank debt rating to "A" from "B+."
The rating agency also withdrew its issue-level and corporate ratings on Bare Escentuals.
Shiseido acquired the outstanding shares at $18.20 per share, or $1.9 billion. After the completion of the deal, Bare Escentuals has repaid in full its senior secured credit facilities. It will not be a subsidiary of Shiseido.

Keywords: bare escentuals Shiseido share purchase

Ticker(s): BARE

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