17:54:11 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Coastal Contacts Inc (2)
Symbol COA
Shares Issued 32,830,881
Close 2014-04-25 C$ 12.45
Market Cap C$ 408,744,468
Recent Sedar Documents

Coastal Contacts' Essilor deal gains Competition Act OK

2014-04-25 19:41 ET - News Release

An anonymous director reports

COASTAL.COM RECEIVES COMPETITION ACT CLEARANCE FOR ACQUISITION BY ESSILOR INTERNATIONAL

Coastal Contacts Inc. (Coastal.com) has received Competition Act clearance for the proposed statutory plan of arrangement under which Essilor International (Compagnie Generale d'Optique) SA will indirectly acquire all the issued and outstanding common shares of Coastal.com for a purchase price of $12.45 per share. Obtaining this clearance is a closing condition under the acquisition agreement governing the transaction.

The transaction was approved by Coastal.com's shareholders at an annual general and special meeting held on April 16, 2014, and was approved by the British Columbia Supreme Court on April 23, 2014. Subject to the satisfaction or waiver of all remaining customary closing conditions, the transaction is expected to close on or about April 28, 2014.

We seek Safe Harbor.

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