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Essilor International SA Subsidiary Announces Acquisition of Stylemark
Essilor International SA announced that FGX International, an Essilor US subsidiary, has completed the acquisition of all outstanding shares in Stylemark, a North American designer and distributor of non-prescription reading glasses and sunglasses. The transaction will be financed using Essilor’s existing credit facilities. Based on current estimates, it is expected to be neutral to earnings per share in 2012 and accretive starting in 2013.
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