By  on July 15, 2009

MILAN — The share price of Italy’s Safilo Group SpA spiked more than 20 percent on the Milan Bourse Tuesday after the controlling investor in North American eyewear manufacturer FGX International Holdings Ltd. returned with a new merger proposal.

Nicolas Berggruen, the billionaire owner of Berggruen Holdings, which controls FGX International, said in an interview with an Italian newspaper that he wanted to meet Safilo’s majority shareholder, management and banks to present a plan after a previous offer was rejected.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus