EssilorLuxottica Takeover of Grandvision Faces Full EU Probe

Optical company EssilorLuxottica SA’s 7.2 billion-euro ($7.94 billion) bid for peer Grandvision NV faces full-scale EU antitrust scrutiny after it declined to offer concessions to address the European Commission’s concerns, Reuters reports, citing unnamed sources.
–Retailers and rival lens makers had expressed concerns about the merger to the EU’s antitrust authority, Reuters reports.
–EssilorLuxottica gave up the chance to offer concessions on Thursday, according to information on the website of the commission. The commission is set to conclude its preliminary review on the merger on Feb. 6, Reuters reports. Both the commission and EssilorLuxottica declined to comment when contacted by Reuters.
https://www.marketscreener.com/ESSILORLUXOTTICA-4641/news/EssilorLuxottica-Takeover-of-Grandvision-Faces-Full-EU-Probe-Reuters-29921403/