BREAKING NEWS
10/15/2010 6:15 AM Essilor to Acquire 50 Percent of Shamir Optical
KIBBUTZ SHAMIR, Israel and CHARENTON-LE-PONT, France—Shamir Optical Industry Ltd. (Nasdaq: SHMR), Kibbutz Shamir and Essilor International (NYSE Euronext: EI) today announced that they have signed an agreement whereby Essilor will, through a series of transactions, acquire 50 percent of Shamir Optical. As a result of these transactions, Kibbutz Shamir and Essilor will each own 50 percent of Shamir Optical. The agreement comes after months of rumors of a pending deal between the two lens makers
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