This excerpt taken from the LUX 6-K filed Jan 14, 2005.
Mr Leon Pasternak and Mr Ken Potter, the Independent Directors of OPSM Group, have been advised by Caliburn Partnership Pty Ltd (Caliburn) and initiated this proposal with Luxottica Group, believing that it is in the best interest of all OPSM Group shareholders.
OPSM Group is now an extremely illiquid stock and Luxottica Group is providing shareholders the opportunity to realize cash at a significant premium to the current market price, including the payment of a fully franked dividend if the offer is declared unconditional, said Mr Pasternak.
We believe that Luxottica Groups offer provides an excellent outcome and is in the best interests of OPSM Group shareholders. Whilst we will commission an Independent Experts Report and await receipt of it before providing a formal recommendation in the Targets Statement, we believe that the offer is in shareholders interests and we note that the offer is final and cannot be increased. said Mr Potter.
Luxottica Group and OPSM Group intend to jointly despatch the Bidders Statement and Targets Statement with an Independent Experts Report.
For additional information about Luxottica Group and OPSM Group, shareholders can visit the companies respective websites at www.luxottica.com and www.opsmgroup.com