GrandVision/EssilorLuxottica: re-evaluation of assets possible due to COVID-19 – sources
02 April 2020 - 12:00 am UTC
EssilorLuxottica could re-evaluate GrandVision’s assets given the impact of the coronavirus outbreak on the business, sources familiar with the situation told this news service.
The deal terms include a MAC clause which has a provision related to a change of asset value, but does not cover pandemic risk specifically, the sources said.
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