Shiseido Partners with Bare Minerals

Bare Minerals, the makeup line that’s an infomercial staple in the U.S, will turn up on department store counters in Asia soon, after its parent company, Bare Escentuals (BARE) agreed to be bought by Japan’s leading makeup company, Shiseido (SSDOY).

Shiseido said it will buy Bare Escentuals in an all-cash deal worth up to $1.7 billion. The company already had agreements to buy stakes from CEO Leslie Blodgett, the entrepreneur that created the mineral-makeup line, and Berskhire Partners LLC, the investment group that owns 16% of the company. Now, it will offer investors $18.20 per share — a 40% premium over the company’s recent stock price — for the rest