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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Hal Trust | EU:HAL | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.20 | -0.16% | 124.80 | 124.60 | 124.80 | 125.20 | 124.80 | 125.20 | 2,854 | 08:16:33 |
From Apr 2021 to Apr 2024
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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