Home » Essilor to Buy FGX for $565 Million
Essilor to Buy FGX for $565 Million
France’s Essilor International, a maker of prescription lenses, will pay about $565 million to acquire FGX International Holdings. The transaction
price represents $19.75 per FGX share, an Essilor statement says, and includes repayment of about $100 million of the Rhode Island company’s net
debt. FGX produces nonprescription reading glasses, which is a growing market, Essilor says. The transaction is expected to close next year. FGX reported
2008 revenue of $256 million, mainly in Canada and the U.S.
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