EssilorLuxottica Société anonyme (ENXTPA:EL) made an offer to acquire an additional 36.8% stake in Luxottica Group S.p.A. (BIT:LUX) from Giorgio Armani and other shareholders for €10.4 billion on October 1, 2018. As part of consideration, Luxottica shareholders tendering their shares a stock consideration consisting of 0.4613 newly issued shares of EssilorLuxottica. The offer being a mandatory exchange offer is not subject to any condition. The tender offer period duration will be from October 29, 2018 to November 28, 2018. Post the transaction, EssilorLuxottica intends to delist the shares of Luxottica Group. The re-opening of the tender offer shall not occur, provided at the end of tender offer period, EssilorLuxottica holds stake greater than 90% but less than 95%. EssilorLuxottica also intends to exercise its rights to purchase the remaining Luxottica shares post the tender offer period. As on October 25, 2018, the offer has been approved by the Consob. As on October 26, 2018, the offer has been unanimously approved by the Board of Directors of Luxottica. Goldman Sachs International and J.P. Morgan & Cie S.A.S. acted as financial advisors to EssilorLuxottica. D.F. King Ltd, acted as information agent for EssilorLuxottica Société anonyme. UniCredit Bank AG, Milan Branch acted as intermediary responsible for collecting tendered shares for EssilorLuxottica Société anonyme for a fee of €0.225 million and a fixed charge of €5 for each tender form. Deutsche Bank AG, London Branch acted as financial advisor to Luxottica Group S.p.A.. UBS AG, London Branch acted as financial advisor and independent expert to independent Directors of Luxottica Group S.p.A. Sergio Erede, Stefano Cacchi Pessani, Elisabetta Bellini, Claudio Tesauro, Leonardo Armati Andrea Manzitti and Stefano Brunello of BonelliErede, George Stephanakis of Cravath, Swaine & Moore LLP and Sébastien Prat and Florence Haas of Bredin Prat acted as legal advisors for Luxottica. Giuseppe Scassellati Sforzolini, Gerolamo da Passano, Nicole Puppieni, Gabriele Barbatelli, Roberto Storlazzi, Pierre-Yves Chabert, Eole Rapone, John Brinitzer, Fernando Martinez, Mario Siragusa, François-Charles Laprevote, Saverio Valentino, Séverine Schrameck, David Gelfand, Daniel Culley, Vania Petrella, Anne-Sophie Coustel, Gianluca Russo, Cécile Mariotti, Carlo de Vito Piscicelli and Alessandro Gennarino of Cleary Gottlieb acted as legal advisors for Essilor. EssilorLuxottica Société anonyme (ENXTPA:EL) completed the acquisition of an additional 30.02% stake in Luxottica Group S.p.A. (BIT:LUX) from Giorgio Armani and other shareholders for €7.4 billion on November 28, 2018. As on November 28, 2018, 143.8 million shares were tendered, and as the stake held by EssilorLuxottica at the end of tender offer period is more than 90% and less than 95%, tender offer re-opening shall not occur, EssilorLuxottica will be required to purchase the remaining outstanding shares of Luxottica.