Luxottica Group announced its final offer to purchase OPSM Group.The offer price of A$3.90 per OPSM Group share is final and will not be increased.The closing date for the offer will be extended by one week and is now scheduled to expire at 7:00 p.m. (Sydney time) on August 22, 2003, unless extended in accordance with the Australian Corporations Act; and Luxottica South Pacific intends to declare the offer unconditional if it acquires OPSM Group shares equal to at least 50.1% of the total number of OPSM Group shares by August 12, 2003.
All regulatory conditions relating to the offer have been satisfied, including approval of the acquisition by the Foreign Investment Review Board (FIRB) and the Australian Consumer and Competition Commission (ACCC).
