Latest News EssilorLuxottica Announces Results of its Mandatory Public Offer for GrandVision Shares By Staff Wednesday, December 8, 2021 12:25 AM CHARENTON-LE-PONT, France—EssilorLuxottica said this week that as of Dec. 3 it has completed the acceptance period for GrandVision shareholders to tender their shares in the retailer, which resulted in EssilorLuxottica obtaining an additional 13.06 percent of the outstanding GrandVision shares. Overall, and coupled with the shares EssilorLuxottica acquired in the previously completed transaction with HAL Holding for its GrandVision ownership stake, EssilorLuxottica now holds total interest of 99.73 percent in GrandVision, according to its announcement this week.The settlement process for the tendered shares is expected to take place on Dec. 8, at which time the “offer price” of €28.42 per share will be paid. EssilorLuxottica completed its transaction with HAL Holding in July for its 76.72 percent ownership interest in GrandVision from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, as VMAIL reported. The deal was valued at about $8.7 billion.GrandVision is the parent of the For Eyes optical retail group in the U.S.EssilorLuxottica noted in its announcement this week that, as it now holds more than 95 percent of the GrandVision shares, it intends to procure delisting of the shares on Euronext Amsterdam “as soon as possible under the applicable rules.” Further details on the delisting will be announced when available, the announcement noted. The completion of the transaction with HAL Holding set in motion the move by EssilorLuxottica to launch the mandatory public offer for all outstanding shares in GrandVision, in accordance with the applicable Dutch public offer rules.