Luxottica Agrees to Buy Giorgio Fedon & Figli
12 April 2022 - 7:58AM
Dow Jones News
By Kim Richters
Luxottica Group SpA said late Monday that it has agreed to
acquire the majority of Giorgio Fedon & Figli SpA for 29.4
million euros ($32 million).
The eyewear company said it has signed a preliminary
sale-and-purchase agreement to buy 1,727,141 shares in Milan-listed
Giorgio Fedon & Figli for a price of EUR17.03 a share. Under
the agreement, Luxottica would buy 90.9% of Giorgio Fedon &
Figli.
Upon completion, Luxottica would make a mandatory tender offer
at the same price for the remaining shares with the aim of
delisting the company.
The closing of the deal is subject to certain conditions, such
as antitrust clearances, and expected in June, the company
said.
Luxottica Group is part of EssilorLuxottica SA.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 12, 2022 01:43 ET (05:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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