Luxottica, Opsm Takeover Bid Begins today

The takeover bid for the Australian company Opsm, announced on April 30 by Luxottica, will begin today, Monday, June 16, according to a note issued by the company. Bidding will close on July 18, extensions excepted.The initial price of 3.90 Australian dollars for each Opsm share will be reduced by 10 cents, which corresponds to a dividend approved by the company's board of directors. Consequently, the note explained, the shareholders will receive compensation of 3.80 Australian dollars from Luxottica South Pacific, the subsidiary that launched the offer, for each share transferred, and 0.10 dollars as a dividend for those who held shares before June 10/next July 10.