Luxottica Readies Bid For Sunglass Hut

The world's largest eyewear manufacturer plans to file by March 9 a formal all-cash tender offer for at all the shares of Sunglass Hut International, the world's largest chain of sunglass stores, provided it obtains a majority stake. At $11.50 a share, as compared to $8.30 prior to its announcement ...

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