The newly formed EssilorLuxottica will launch a mandatory exchange offer for all the remaining shares between Oct. 29 and Nov. 27, with the view of delisting Luxottica’s shares in Milan, but the squeeze-out, if any, could be expected between Jan. 28 and March 4.
The merging transaction between the two companies is expected to be finalized in the third quarter of the year.
The Chinese competition authority has not yet approved the agreement.
The procedure postpones its decision on the 46 billion euro merger plans.
Retail, luxury stocks were mostly down.
The U.S. and Europe are the main markets for Italy’s eyewear sector.
The European Commission said there are “several issues” with the proposed deal.
After a busy first half, Italian investors are busy finalizing deals in the designer apparel and eyewear sectors.
Retail and luxury stocks were uneven during early trading on Thursday.
Retail, luxury stocks were uneven.