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L'Oreal Offers $843M For Chinese Skincare Co.

By Kathryn Brenzel ( August 16, 2013, 12:10 PM EDT) -- L'Oreal SA said on Friday that it has offered HK$6.54 billion (US$843 million) for Chinese skincare company Magic Holdings Limited, an acquisition that would boost the French cosmetic giant's increasing stake in the country's burgeoning beauty market....

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