Costa Inc. said its shareholders will vote on its previously-announced merger agreement with a subsidiary of Essilor International SA at a special meeting scheduled for Jan. 30, 2014.
Costa Inc. had delayed scheduling the vote until the review period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the proposed merger expired. That occurred at 11:59 p.m. on Dec. 27. Completion of the proposed merger remains subject to approval by Costa Inc.'s shareholders and satisfaction or waiver of certain other conditions.
Costa Inc. owns and manages the Costa and Native Eyewear brands. Known best for its premium sport sunglasses tailored to those sports enthusiasts who play on the water, the Costa Brand is rapidly expanding into prescription sunglasses and sports apparel. Likewise, the Native Eyewear brand is marketed to mountain sport enthusiasts and those who aspire to the mountain way of life. Costa Inc. is the successor company of A.T. Cross.
