FGX International Holdings is now a wholly owned subsidiary of Essilor International. Essilor paid $19.75 per share in cash, for a total of about $575 million, which includes paying off about $115 million in debt. FGX will move its place of incorporation from the British Virgin Islands to Delaware, and it is no longer trading on the Nasdaq exchange, but its management team will remain in place. Last year FGX, a major supplier of non-prescription reading glasses, had sales of $259.3 million. Essilor's consolidated revenues totaled €3.2 billion.