By  on February 27, 2014

French optical firm Essilor Int'l S.A. has inked an agreement to acquire online optical company Coastal.com for $401 million.

The Vancouver-based e-tailer's board has already approved the transaction for 445 million Canadian dollars, or $401 million, representing a cash offer of 12.45 Canadian dollars, or $11.22, a share. All conversions to U.S. dollars are at current exchange.

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