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    EL   FR0000121667

ESSILORLUXOTTICA

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EssilorLuxottica Launches Takeover for Remaining Shares in GrandVision

10/07/2021 | 11:50pm EST

By Ed Frankl

EssilorLuxottica SA has launched a takeover bid for the remaining shares of Dutch eyewear retailer GrandVision NV that it doesn't already own, the two companies said late Thursday.

The Ray-Ban maker said it would offer 28.42 euros ($32.83) for each outstanding GrandVision share, the same price as the offer that enabled it to acquire a controlling 76.7% stake from HAL Holdings in July.

The Franco-Italian group now owns around 86.7% of shares in GrandVision, having amassed a further 10% stake in two transactions in September.

The board of GrandVision unanimously recommended shareholders accept the offer, the companies said in a joint press release.

The offer acceptance period begins at 0700 GMT on Friday and ends at 1640 GMT on Dec. 3, they said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

10-08-21 0150ET

Stocks mentioned in the article
ChangeLast1st jan.
ESSILORLUXOTTICA 1.19% 179.1 Real-time Quote.40.42%
GRANDVISION N.V. -0.70% 28.35 Real-time Quote.11.18%
HAL TRUST 1.14% 142.2 Real-time Quote.23.63%
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Analyst Recommendations on ESSILORLUXOTTICA
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Financials
Sales 2021 19 612 M 22 129 M 22 129 M
Net income 2021 1 913 M 2 158 M 2 158 M
Net Debt 2021 9 404 M 10 611 M 10 611 M
P/E ratio 2021 40,5x
Yield 2021 1,35%
Capitalization 78 984 M 89 077 M 89 118 M
EV / Sales 2021 4,51x
EV / Sales 2022 3,85x
Nbr of Employees 144 888
Free-Float 63,8%
Chart ESSILORLUXOTTICA
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EssilorLuxottica Technical Analysis Chart | EL | FR0000121667 | MarketScreener
Technical analysis trends ESSILORLUXOTTICA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 179,10 €
Average target price 185,92 €
Spread / Average Target 3,81%
EPS Revisions
Managers and Directors
Francesco Milleri Chief Executive Officer & Non-Independent Director
Stefano Grassi Co-Chief Financial Officer
David Wielemans Co-Chief Financial Officer
Leonardo del Vecchio Executive Chairman
Jean Carrier-Guillomet Co-Chief Operating Officer
Sector and Competitors