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COA vs. ETF Alternatives
Thursday, Feb 272:24 PM
Thursday, Feb 272:24 PM| Comment!
- Digital eyeglass retailer Coastal Contacts (COA +20.3%) rallies after agreeing to be acquired by Essilor International (ESLOF) for ~C$430M ($385M); the C$12.45/share deal (US$11.17) from the French company represents a 43% premium over COA's volume-weighted average price during the past three months.
- The merger agreement allows COA to solicit additional offers, which Essillor can either choose to match or receive a C$16M break-up fee.
Thursday, Sep 122013, 9:10 AM|Thursday, Sep 122013, 9:10 AM| Comment!