Germany's Henkel nears deal for hair care brand Olaplex, Bloomberg News reports

Henkel is in advanced talks to acquire U.S. hair-care maker Olaplex in a deal valuing Olaplex at about $2 per share, Bloomberg reported citing sources. The report is unconfirmed and, if completed, would be a company-level M&A move affecting Olaplex shareholders and reflecting consolidation interest in consumer beauty brands by larger consumer-goods firms.

Analysis

Henkel is in advanced talks to acquire U.S. hair-care maker Olaplex in a deal valuing Olaplex at about $2 per share, Bloomberg reported citing sources. The report is unconfirmed and, if completed, would be a company-level M&A move affecting Olaplex shareholders and reflecting consolidation interest in consumer beauty brands by larger consumer-goods firms.