Robbins Umeda LLP Announces an Investigation of the Acquisition of FGX International Holdings Limited by Essilor International

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of FGX International Holdings Limited ("FGX") (NASDAQ: FGXI) in connection with their actions in causing FGX to enter into a definitive merger agreement with Essilor International ("Essilor") through an all-cash tender offer. Under the terms of the merger agreement, FGX's shareholders will receive $19.75 per share in cash for each share of FGX they own upon completion of the merger. The transaction is valued at approximately $565 million, including the assumption of FGX's debt of approximately $100 million. The deal is expected to close later this year. FGX will operate as a wholly-owned subsidiary of Essilor if the tender is successful and the deal closes. Notably, a termination fee of approximately $18.3 million is in place, payable by FGX to Essilor if the acquisition is not successful.

Robbins Umeda LLP's investigation concerns whether FGX's Board of Directors undertook a fair process to obtain a fair price for all shareholders of FGX.

If you are a shareholder of FGX and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at [e-mail].

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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