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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Other Corporate Developments

This excerpt taken from the LUX 6-K filed Jul 31, 2007.

Other Corporate Developments

On April 25, 2007, pursuant to a December 12, 2006 order issued by the Supreme Court of India, the Group launched a public offer through its subsidiary Ray Ban Indian Holdings, Inc., to acquire up to 4,895,900 shares of Bombay-listed RayBan Sun Optics India Ltd., which offer was subsequently raised 7,545,200 shares of RayBan Sun Optics India. 6,454,280 shares were tendered for a total consideration of approximately €13 million in the offer, which closed on May 14, 2007. Effective upon the entry of the share transfers in the share register on June 26, 2007, the Group’s stake in RayBan Sun Optics India increased to approximately 70.5 percent.

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