EssilorLuxottica Launches Takeover for Remaining Shares in GrandVision
08 Outubro 2021 - 3:05AM
Dow Jones News
By Ed Frankl
EssilorLuxottica SA has launched a takeover bid for the
remaining shares of Dutch eyewear retailer GrandVision NV that it
doesn't already own, the two companies said late Thursday.
The Ray-Ban maker said it would offer 28.42 euros ($32.83) for
each outstanding GrandVision share, the same price as the offer
that enabled it to acquire a controlling 76.7% stake from HAL
Holdings in July.
The Franco-Italian group now owns around 86.7% of shares in
GrandVision, having amassed a further 10% stake in two transactions
in September.
The board of GrandVision unanimously recommended shareholders
accept the offer, the companies said in a joint press release.
The offer acceptance period begins at 0700 GMT on Friday and
ends at 1640 GMT on Dec. 3, they said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 08, 2021 01:50 ET (05:50 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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