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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% 126.00 125.20 126.40 126.40 125.40 126.00 4,850 16:40:00

EssilorLuxottica Launches Takeover for Remaining Shares in GrandVision

08/10/2021 7:05am

Dow Jones News


Hal (EU:HAL)
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   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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