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Body Shop Postpones Earnings Report Because of L'Oreal Bid

Body Shop International Plc, a U.K. natural cosmetics retailer that agreed to be bought by L'Oreal SA last month, delayed the announcement of its full-year results because of additional work connected with the bid.

The retailer, which sells products such as Strawberry Body Scrub, said it expects to report its preliminary sales and profit for the year through February on May 5.

L'Oreal agreed to pay 652 million pounds for Littlehampton, England-based Body Shop, which was started 30 years ago by Anita Roddick. The first closing date for shareholders to accept the offer of 300 pence a share is May 3.

Roddick and her husband will get about 117 million pounds from their 18 percent stake in the company.