It’s official—Shiseido Co., Ltd. has completed the subsequent offering period (offered by its indirect wholly-owned subsidiary Blush Acquisition Corporation) for the remaining shares of common stock of Bare Escentuals, Inc. This follows a tender offer for all of the outstanding Bare Escentuals’ shares for $18.20 per share in cash.

The transaction completes the acquisition for approximately $1.7 billion through an all-cash tender offer and second-step merger. The boards of directors of both companies approved the transaction by unanimous vote of those directors present and voting – as previously reported in Happi.