French luxury beauty company L’Occitane announced on Tuesday that its stock will be delisted from the Hong Kong Stock Exchange if an acquisition offer receives sufficient support. The company’s major shareholder, Reinold Geiger, launched a 1.7 billion euros ($1.8 billion) offer in April, supported by US private equity firm Blackstone, to acquire the remaining 28% of the company he does not already own. The offer values the company at around 6 billion euros ($6.5 billion). Founded in 1976, L’Occitane went public in Hong Kong in 2010, raising over $700 million, and operates in 90 countries with approximately 1,300 of its nearly 3,000 stores directly owned.