Luxottica Reschedules Takeover Bid for Australian Opsm to August 15

Luxottica announced today that it has rescheduled to August 15 the 550 million Australian dollar takeover bid for all the shares and options of the Opsm retail eyewear group.

The decision to reschedule the closing date of the offer launched by Luxottica South Pacific - a company indirectly controlled by the Luxottica group - to August 15 from August 1 (which was also a postponement of the original July 18 date) was "to give the Opsm shareholders more time to subscribe".

Luxottica also announced that the Australian Foreign Review Board (FIRB) has confirmed that it has no objections to the operation. This approval joins that of the Australian Competition and Consumer Commission (ACCC).