EssilorLuxottica : Grand Vision will be acquired at the initial price on 1 July, we have raised our target price to € 170 as a result
>The acquisition of Grand Vision will go ahead on 1 July, the initial terms will not be renegotiated - The group yesterday evening announced that it had in the end decided to go ahead with the acquisition of Grand Vision at the price derived from the initial agreement (or € 28.42 per GV share after taking account of the extra amount related to the delay). EssilorLuxottica will buy at this price the 76.72% stake owned by HAL and is expected, in the next 6-12 months, to...Essilor International (Compagnie Generale d'Optique) designs, manufactures and sells ophthalmic lenses, ophthalmic optical instruments and equipment. Co.'s activities are divided into three segments: Lenses and Optical Instruments (Co. designs, manufactures and customizes corrective lenses such as: Varilux (progressive lenses); anti-reflective, smudge-proof and anti-static lenses (Crizal); Nikon lenses, Transitions variable-tint lenses and Kodak lenses under agreements; polarized lenses (Xperio) and fog-proof lenses (Optifog)), Equipment (Co. produces, distributes and sells equipment and consumables used by prescription laboratories) and Readers (Co. designs and sells reading glasses).
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