Essilor (ESLOY), Luxottica (LUX) Ink Mega-Merger Deal; Opko Health (OPK) Eyeing Opportunity in RXi Pharma (RXII)
Luxottica Group S.p.A. (NYSE:LUX) and French optical-lens maker Essilor International SA (OTCMKTS:ESLOY) said Monday that they have agreed to merge in an all-share deal to create EssilorLuxottica – an eyewear giant with a market value of approximately EUR46.3 billion ($49.16 billion) and revenue of over EUR15 billion -.
LUX stock closed at $52.42, up $0.44 (or +0.85%) with a total volume of 51,962 shares traded on Friday.
Luxottica Group, which provides fashion, luxury, sports, and performance eyewear worldwide, has 479.79M shares outstanding and LUX stock 52-week range is from $44.85 to $63.62 per share. At close on Friday, the maker of Ray-Ban sunglasses had a market capitalization of $25.67B.
RXi Pharmaceuticals Corp. (Nasdaq:RXII) stock surged 6.07% (or +$0.04) to $0.75 on Friday’s trading session after multinational pharmaceutical Opko Health, Inc. (Nasdaq:OPK) reported to the U.S. Securities and Exchange Commission (SEC) the ownership of 446,360 shares (5.11% stake) of the company.
12.39M shares of RXi changed hands during the day, representing a large increase in activity versus its average volume (3m) of 1.02M shares.
RXi Pharmaceuticals, a clinical-stage RNAi company, has 8.73M shares outstanding, market capitalization (intraday) of $6.53M and RXII stock one-year range is between $0.69 and $3.50 per share.
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