FGX International to be Acquired by Essilor International

Skadden is representing FGX International Holdings Limited, which announced on December 16 that it has signed a definitive agreement to merge with a subsidiary of Essilor International. The transaction, with an aggregate value of approximately $565 million, including assumed debt, was unanimously approved by the boards of directors of both companies. Rhode Island-based FGX is a leading designer and marketer of non-prescription reading glasses and sunglasses. Essilor, based in France, is a leading provider of ophthalmic optical products.