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Essilor International SA (ESSI.PA)

ESSI.PA on Paris Stock Exchange

104.90EUR
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Essilor: antitrust process update for proposed combination between Essilor and Luxottica
Monday, 24 Jul 2017 12:00pm EDT 

July 24 (Reuters) - ESSILOR SA : :REG-NEWS RELEASE: ANTITRUST PROCESS UPDATE FOR THE PROPOSED COMBINATION BETWEEN ESSILOR AND LUXOTTICA.‍IN U.S. AND CANADA, ANTITRUST INVESTIGATION HAS ENTERED PHASE OF A SECONDARY REQUEST​.‍IN CHINA PROPOSED TRANSACTION IS UNDER MOFCOM'S REVIEW AND NOTIFICATION ACCEPTANCE IS EXPECTED SHORTLY​.‍IN EUROPE TWO COMPANIES EXPECT TO BE ABLE TO FORMALLY NOTIFY TRANSACTION IN COMING WEEKS​.‍TWO COMPANIES HAVE ALREADY RECEIVED CLEARANCE IN RUSSIA AND INDIA​.‍TWO COMPANIES' SHARED OBJECTIVE IN COOPERATION WITH RELEVANT AUTHORITIES IS TO CLOSE ANTITRUST PROCESS AROUND END OF YEAR​.  Full Article

Luxottica, Essilor expect to close merger's antitrust process around year-end
Monday, 24 Jul 2017 11:36am EDT 

July 24 (Reuters) - Luxottica, Essilor say::Have jointly filed with the antitrust authorities in the United States, Canada and Brazil, three of the five jurisdictions whose approval is a condition to close the merger.Antitrust investigation over Luxottica-Essilor merger has entered secondary request phase in the United States and Canada.Expect shortly notification of acceptance of merger from China's antitrust authorities .Merger has already received antitrust clearance in Russia and India.Expect to close anti-trust process at around year-end.  Full Article

Luxottica says to delist from New York stock exchange
Tuesday, 16 May 2017 04:04pm EDT 

May 16 (Reuters) - Luxottica says::to voluntarily delist from New York Stock Exchange (NYSE) after trading volumes have shifted significantly to the Italian market.decision to delist from NYSE does not affect the group's strategic vision for the United States, a core market.such move expected to generate cost savings and will allow for greater efficiencies in light of pending combination with Essilor.to initiate delisting from the NYSE with a SEC filing on or about June 6, delisting of American Depositary Shares should become effective 10 days after such filing.  Full Article

Essilor shareholders approve the combination between Essilor and Luxottica
Thursday, 11 May 2017 12:31pm EDT 

May 11 (Reuters) - ESSILOR SA :REG-NEWS RELEASE: ESSILOR SHAREHOLDERS APPROVE THE COMBINATION BETWEEN ESSILOR AND LUXOTTICA.ESSILOR'S DIVIDEND SET AT EUR 1.50 PER SHARE, UP 35%.  Full Article

Luxottica shares fall 2 pct after sales figures
Monday, 1 May 2017 10:30pm EDT 

May 2 (Reuters) - Luxottica::Shares down more than 2 percent in early trade after sales figures.The world's largest eyewear group said like-for-like sales fell 3.5 percent in the first quarter, hit by a recently introduced policy of reducing discounts and promotions online and across its retail network. nL8N1I07VI.  Full Article

Luxottica chairman confirms 2017 guidance, sees improvement next year
Friday, 28 Apr 2017 07:31am EDT 

April 28 (Reuters) - Luxottica founder and executive chairman Leonardo Del Vecchio tells shareholder meeting::confirms 2017 guidance.sees improvement next year, with profits rising at double the rate of revenues' growth.  Full Article

Essilor says will continue to examine bolt-on acquisition opportunities
Tuesday, 25 Apr 2017 04:50am EDT 

April 25 (Reuters) - Essilor ::Says company will continue to examine bolt-on acquisition opportunities.Earlier this year, Essilor and Luxottica unveiled a merger plan of 46 billion euros to create a global eyewear powerhouse with annual revenue of more than 15 billion euros nL5N1F50X1.  Full Article

France waives mandatory bid obligation in Essilor-Luxottica merger
Wednesday, 12 Apr 2017 12:45pm EDT 

EssilorLuxottica: French market watchdog waives mandatory bid obligation for Leonardo Del Vecchio's holding company Delfin in Essilor-Luxottica merger - document . Merger deal will hand Delfin 38.99 percent stake in EssilorLuxottica, above a 30 percent threshold that under French law would automatically trigger a buyout offer Further company coverage: [ESSI.PA] [LUX.MI] (Reporting by Milan Newsroom).  Full Article

Proposed combination of Essilor and Luxottica is progressing
Thursday, 23 Mar 2017 12:45pm EDT 

Essilor SA : Proposed combination of Essilor and Luxottica progressing . Transfer by Essilor International of its activities and shareholdings to its fully-owned subsidiary, Delamare Sovra, to be renamed Essilor International . Contribution by Delfin of all its shares in Luxottica (62.55%) in exchange for new shares issued by Essilor, based on an exchange ratio of 0.461 Essilor share for one Luxottica share .Filing and registration with AMF, by April 10, 2017 at latest, of information document describing rationale for transaction as well as main principles of combination agreement.  Full Article

Luxottica CEO says Essilor merger proceeding according to schedule
Thursday, 2 Mar 2017 04:41am EST 

Luxottica Group CEO Massimo Vian tells analyst call: Everything going according to schedule in relation to merger agreed with Essilor Further company coverage: [LUX.MI] (Reporting by Milan Newsroom).  Full Article

EU mergers and takeovers (Sept 25)

BRUSSELS, Sept 25 The following are mergers under review by the European Commission and a brief guide to the EU merger process: