By  on October 27, 2018

MILAN — Giorgio Armani has agreed to tender his shares into the mandatory exchange offer launched earlier this month by EssilorLuxottica on all the outstanding shares of Luxottica Group SpA not already owned by the newly merged eyewear behemoth.

Armani, a longtime shareholder in Luxottica, which produces and distributes the designer’s eyewear collections under a licensing agreement, is tendering more than 22.5 million shares. This represents 4.64 percent of Luxottica’s share capital and voting rights. Armani will have the same stake in EssilorLuxottica.

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