Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of FGX International Holdings Limited
January 28 2010 - 2:47AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
FGX International Holdings Limited (“FGX” or the “Company”)
(NASDAQ:FGXI) related to the Company’s definitive agreement to
merge with a subsidiary of Essilor International (“Essilor”). The
all-cash transaction is valued at approximately $565 million,
including assumed debt.
Under the terms of the merger agreement entered into by the
parties, FGX shareholders will receive $19.75 per share in cash for
each share of FGX they own upon completion of the merger. If the
merger is completed, FGX will become a wholly-owned subsidiary of
Essilor. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
transaction by the FGX board of directors.
If you own shares of FGX International Holdings Limited, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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