FGX International Completes Merger with Essilor...................................

[Chris Ryser]

Press Release, March 15, 2010, 6:00 a.m. EDT ======================> 5 hours ago

FGX International Completes Merger with Essilor

SMITHFIELD, R.I., Mar 15, 2010 (BUSINESS WIRE) -- FGX International Holdings Limited /quotes/comstock/15*!fgxi/quotes/nls/fgxi (FGXI 19.76, 0.00, 0.00%) ("FGX International") announced that it has completed its merger with a subsidiary of Essilor International ("Essilor") of Charenton-le-Pont, France.
FGX International shareholders received $19.75 per share in cash, for an aggregate value of approximately $575 million, including the repayment of FGX International debt of approximately $115 million. Upon completion of the merger, FGX International became a wholly-owned subsidiary of Essilor and its shares ceased to be publicly traded on the NASDAQ Global Select Market. Following the merger, FGX International will change its place of incorporation from the British Virgin Islands to the State of Delaware.
"We are excited to be a part of Essilor and look forward to doing great things together," said Alec Taylor, FGX International's Chief Executive Officer...............................

Continue:................................. http://www.marketwatch.com/story/fgx...k=MW_news_stmp


This will make Essilor also the largest frame and glasses manufacturer and wholesaler in North America, see what it is all about...................


About FGX International
FGX International is a leading designer and marketer of non-prescription reading glasses and sunglasses with a portfolio of established, highly recognized eyewear brands including Foster Grant®, Magnivision®, Angel ™ , Gargoyles®, Anarchy®, Corinne McCormack®, SolarShield® and PolarEyes®. FGXI also holds licenses for brands such as Ironman, Levi Strauss, Body Glove and C9 by Champion. Based in Smithfield, Rhode Island, FGXI has approximately 350 full time employees. Additional offices are located in New York City, San Luis Obispo, CA; Toronto Canada; Stoke-on-Trent, England; Mexico City, Mexico; and Shenzhen, China.



source: http://www.fgxi.com/pages/news/Raquel_Welch_2010.html

[coupe]

Does that mean if you own FGX stock......that you can wait for a check to arrive in the mail?

[Chris Ryser]

Does that mean if you own FGX stock......that you can wait for a check to arrive in the mail?

19.76 USD===========20.1863 CAD

1 USD = 1.02157 CAD = 1 CAD = 0.978883 USD

I guess so, the shareholders voted yes, and that is what it's worth in Canada today.