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    Wednesday, December 16, 2009

    Essilor Buying FGX International For $565 Million

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    By Steve Goldstein
    MarketWatch Pulse
       

      LONDON -- Charenton-le-Pont, France-based Essilor International said it's reached a deal to buy Smithfield, R.I.-based non-prescription reading glass maker FGX International for $565 million, or $19.75 a share in cash. Essilor said the deal meets its strategy of procuring the resources needed to cover different eyewear market segments around the world. FGX, which closed Tuesday at $17.91, said the deal will help it expand in Europe, Asia and other parts of the world.

      Copyright © 2009 MarketWatch, Inc.

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