Family to take Clarins private

The Courtin-Clarins family has made a $3.6 billion offer to buy out minority shareholders of Clarins SA in order to take the cosmetics company private, according to French stock market regulator AMF.

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The family owns 65% of the capital and 78% of the voting right of the French cosmetics company.

Takeover speculation began in March 2007 when founder Jacques Courtin-Clarins passed away. L'Oreal SA was reportedly planning a bid. However, in November, the company announced that ownership would not change hands.

The company will give details of the buyout offer at a press conference on June 30. - Maria Woehr

See TheDeal.com: Clarins dismisses takeover talk

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