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FTC clears Luxottica-Cole National deal

Published

21 years ago

September 27, 2004

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Luxottica Group S.p.A. (Milan) and Cole National Corp. (Twinsburg, Ohio) announced that the Federal Trade Commission has cleared their proposed acquisition agreement.

The transaction will close on Oct. 4, 2004, when — at the closing of the day’s trading — shares of Cole’s common stock will be converted.

“Today is a happy day for Luxottica Group,” said Leonardo Del Vecchio, Luxottica chairman, “as we prepare to welcome Cole National into our family and to begin in earnest with the integration of our North American retail operations.”

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