Henkel Completes Acquisition of Olaplex
OLPX has more than doubled off its 52-week low of $0.992 on elevated volume (2.3× avg).
Summary
Henkel has officially completed its acquisition of Olaplex Holdings, Inc., finalizing the definitive merger agreement initially announced on April 24, 2026, where Henkel agreed to acquire Olaplex for $2 per share. This acquisition marks the end of Olaplex's journey as a publicly traded company, with its shares expected to be delisted and the company having announced the transfer or voluntary withdrawal of its listing. Prior to the closing, Olaplex retired $357.6 million in debt and terminated its 2022 Credit Agreement with Goldman Sachs-led lenders. Additionally, Martijn de Regt and Amanda Baldwin were appointed to the Olaplex board, following the departure of multiple previous directors. The stock was observed trading slightly above the $2 acquisition price, reflecting final market adjustments.
At the time of this announcement, OLPX was trading at $2.07 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $0.99 to $2.09. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Reuters.