Henkel to acquire Olaplex in $1.4 billion hair care deal

FRANKFURT, Germany: Germany's Henkel has agreed to acquire Nasdaq-listed hair care brand Olaplex for $1.4 billion, aiming to expand its presence in the premium hair care segment.

Henkel said it would offer $2.06 per share in cash, valuing Olaplex at $1.4 billion. The offer represents a premium of about 55% to Olaplex's Wednesday closing price and roughly 45% above its 30-day a