Giorgio Fedon, the leading producer of eyewear cases for the major eyewear companies, pulled out of the Paris Euronext stock exchange on Sept. 14. Fedon's shares can now be negotiated exclusively on the AIM Italia over-the-counter market of the Milan Bourse. Shareholders who decided not to tender their shares until Sept. 5 can now sell them on AIM at the price fixed by their financial brokers. Any residual shares held by French investors will be redeemed by Equita SIM until Dec. 31, 2017, which is mandated to purchase a maximum of 99 shares per shareholder. The president of the Italian company, Callisto Fedon, felt that changing market conditions no longer justified it being quoted on two stock exchanges, and that the Milan exchange, with its lower costs, has given more positive results for his company.

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