FGX Low-Premium Buyout (FGXI)
Posted in UncategorizedDecember 16th, 2009
FGX International Holdings Limited (NASDAQ: FGXI) is another previously unknown stock to many traders, but the company is being acquired by Essilor for $465 million, which comes to $19.75 per share in cash. Need say no more, other than that this seems to be a low premium buyout. Shares closed at $17.91 yesterday and the 52-week trading range is $7.68 to $18.49. Shares are up almost 9% on over 1 million shares as of 7:29 AM EST.
JON OGG
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