EssilorLuxottica's Takeover of Grandvision Faces Full EU Probe -Reuters
January 31 2020 - 10:01AM
Dow Jones News
--Optical company EssilorLuxottica SA's 7.2 billion-euro ($7.94
billion) bid for peer Grandvision NV faces full-scale EU antitrust
scrutiny after it declined to offer concessions to address the
European Commission's concerns, Reuters reports, citing unnamed
sources.
--Retailers and rival lens makers had expressed concerns about
the merger to the EU's antitrust authority, Reuters reports.
--EssilorLuxottica gave up the chance to offer concessions on
Thursday, according to information on the website of the
commission. The commission is set to conclude its preliminary
review on the merger on Feb. 6, Reuters reports. Both the
commission and EssilorLuxottica declined to comment when contacted
by Reuters.
Full story: https://reut.rs/2SaMzhI
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(END) Dow Jones Newswires
January 31, 2020 09:46 ET (14:46 GMT)
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