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BRIEF-FFL Partners And CDPQ Agree To Acquire New Look Vision Group At $50 Per Share In An All-Cash Transaction

Published 2021-03-18, 10:43 p/m
Updated 2021-03-18, 10:48 p/m
© Reuters.

March 18 (Reuters) - New Look Vision Group Inc BCI.TO :

* FFL PARTNERS AND CDPQ AGREE TO ACQUIRE NEW LOOK VISION GROUP INC. AT $50.00 PER SHARE IN AN ALL-CASH TRANSACTION

* ENTERED INTO AN ARRANGEMENT AGREEMENT TO BE ACQUIRED BY NL1 ACQUIRECO INC

* NEW LOOK VISION -TRANSACTION VALUES NEW LOOK VISION AT ABOUT $800 MILLION ON EQUITY VALUE BASIS AND AT ABOUT $970 MILLION ON AN ENTERPRISE VALUE BASIS

* TRANSACTION IS TO BE EFFECTED BY WAY OF A COURT-APPROVED PLAN OF ARRANGEMENT AND IS EXPECTED TO CLOSE IN FIRST HALF OF 2021

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