|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||23.35 - 23.55|
|52-week range||16.55 - 27.82|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Apr 2020|
|1y target est||24.45|
Spectacles maker EssilorLuxottica <ESLX.PA> said it would appeal against a Dutch court's verdict that had rejected its contention that takeover target GrandVision <GVNV.AS> had breached a deal agreement. Last month, the Rotterdam district court said EssilorLuxottica had failed to prove its claim that Dutch peer GrandVision had breached the agreement by not seeking permission for actions it took as lockdowns to combat COVID-19 extended throughout Europe. "EssilorLuxottica confirms that it has decided to file an appeal against the judgment dismissing the company’s demands for disclosure of information from GrandVision," it said on Friday.
Spectacles maker EssilorLuxottica <ESLX.PA> said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision <GVNV.AS>, after it lost a Dutch court case which could jeopardise the deal. On Monday, the Rotterdam district court said EssilorLuxottica had failed to prove its claim that Dutch company GrandVision had breached a takeover agreement by not asking permission for actions it took as lockdowns to combat COVID-19 extended throughout Europe. "EssilorLuxottica is studying the judgment and assessing its options, including the possibility of filing an appeal against the judgment," EssilorLuxottica said in a statement.
EssilorLuxottica on Monday lost a Dutch court case in which the eyewear maker was seeking to obtain more information from acquisition target GrandVision about its management of the coronavirus crisis. The French-Italian maker of Ray-Ban had told a court hearing earlier this month that GrandVision's decisions to suspend payments to store owners and suppliers and to apply for state aid could give grounds for ending its proposed 7.2 billion euro ($8.5 billion) takeover. At the hearing, GrandVision said it had always informed EssiLux about its actions.