Coastal Contacts Gets Acquired

In January 2014 Issue of Ultimate Value Finder, I wrote about Constant Contact. On April 28, 2014, it got acquired by Essilor International. If you bought it in January for $8 per share, congratulations on making a quick buck.

VANCOUVER, Apr 28, 2014 (Canada NewsWire via COMTEX) — Coastal Contacts Inc. (“Coastal.com” or “the Company”) CA:COA 0.00% announced today the completion of the plan of arrangement under which Essilor International (Compagnie Générale d’Optique), S.A. (“Essilor”) has indirectly acquired all of the issued and outstanding common shares of Coastal.com for a purchase price of CAD$12.45 per share (the “Transaction”).

With the completion of the Transaction, Coastal.com’s common shares are expected to cease trading and be delisted from the Toronto Stock Exchange following the close of trading on May 1, 2014. Coastal.com’s shares will be suspended from trading on the NASDAQ Stock Exchange following the close of trading on April 28, 2014.

About Essilor The world’s leading ophthalmic optics company, Essilor designs, manufactures and markets a wide range of lenses to improve and protect eyesight. Its corporate mission is to enable everyone around the world to access lenses that meet his or her unique vision requirements. To support this mission, the Company allocates more than €150 million to research and innovation every year, in a commitment to continuously bring new, more effective products to market. Essilor’s flagship brands are Varilux®, Crizal®, Definity®, Xperio®, OptifogTM, Foster Grant®, Bolon® and Costa®. It also develops and markets equipment, instruments and services for eyecare professionals. Essilor reported consolidated revenue of over €5 billion in 2013 and employs more than 55,000 people. It operates in some 100 countries with 28 plants, more than 450 prescription laboratories and edging facilities, as well as several research and development centers around the world. For more information, please visit www.essilor.com . The Essilor share trades on the NYSE Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices.