EssilorLuxottica may appeal court verdict over GrandVision
PARIS, Aug 25 (Reuters) - Spectacles maker EssilorLuxottica ESLX.PA said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision GVNV.AS, after it lost a Dutch court case which could jeopardise the deal.
On Monday, the Rotterdam district court said EssilorLuxottica had failed to prove its claim that Dutch company Grandvision had breached a takeover agreement by not asking permission for actions it took as lockdowns to combat COVID-19 extended throughout Europe.
"EssilorLuxottica is studying the judgment and assessing its options, including the possibility of filing an appeal against the judgment," EssilorLuxottica said in a statement.
(Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)
((firstname.lastname@example.org; +33 1 49 49 53 84;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.