Japan's largest cosmetics maker Shiseido Co. said Monday it completed acquisition procedures for Bare Escentuals Inc. after buying some 91.7 percent of the U.S. cosmetics company's outstanding shares by last week.
Trading of Bare Escentuals stock ceased on the Nasdaq market after Shiseido bought the shares via public tender and a transaction involving the shareholdings of the U.S. firm's chief executive officer.
Shiseido took over the California-based firm to strengthen its presence in the U.S. market and expand its product offerings to include the U.S. company's mineral-based cosmetics.