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BRIEF-France waives mandatory bid obligation in Essilor-Luxottica merger
April 12, 2017 / 4:56 PM / 5 months ago

BRIEF-France waives mandatory bid obligation in Essilor-Luxottica merger

April 12 (Reuters) - EssilorLuxottica:

* French market watchdog waives mandatory bid obligation for Leonardo Del Vecchio’s holding company Delfin in Essilor-Luxottica merger - document

* Merger deal will hand Delfin 38.99 percent stake in EssilorLuxottica, above a 30 percent threshold that under French law would automatically trigger a buyout offer Further company coverage: (Reporting by Milan Newsroom)

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