Luxottica (LUX) Announces Early Termination of U.S. Antitrust Waiting Period for Oakley (OO) Acquisition

August 24, 2007 12:29 PM EDT

Luxottica Group S.p.A. (NYSE: LUX) and Oakley, Inc. (NYSE: OO) announced that the U.S. Federal Trade Commission granted early termination on August 24, 2007 of the waiting period under the Hart-Scott- Rodino Antitrust Improvements Act (HSR) in connection with Luxottica Group's proposed acquisition of Oakley, Inc., without a second request for additional information.

Luxottica Group and Oakley noted that other conditions to the closing specified in the Merger Agreement still remain outstanding, including obtaining certain antitrust and competition law clearances outside of the United States as well as the required approval of the transaction by Oakley's shareholders at a special meeting to be called and held for such purpose.

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