EssilorLuxottica announces that at the end of the post-acceptance period, which ended yesterday, Monday, December 20, 254,031,577 GrandVision shares were tendered in the offer.
EssilorLuxottica now owns 99.84% of the shares of GrandVision, the Dutch optical retailer. GrandVision’s shares will have their last trading session on Euronext Amsterdam on January 7 and their listing will end on January 10, 2022.
EssilorLuxottica states in a release that “Including the 99.73% of the share capital already held by the Bidder, the Bidder will hold a total of 254,031,577 Shares, representing approximately 99.84% of the issued Shares in the share capital of GrandVision. This corresponds to approximately 99.89% of the issued and outstanding shares in the capital stock of GrandVision.”
After attempting to renegotiate the initial price downward, EssilorLuxottica announced in early summer that the original agreement would be honored. The group therefore acquired 76.7% of GrandVision on July 1, since which date GrandVision has been consolidated in EssilorLuxottica’s accounts.
Read also > ESSILORLUXOTTICA REPORTS SOLID THIRD-QUARTER RESULTS
Featured photo : © Luxottica
