Thursday, June 21, 2007

Luxottica acquires Oakley for $2.1 Billion


"Jannard founded Oakley out of a garage in 1975 with $300, making rubber motorcycle handgrips that held better when covered in sweat, according to the company's Web site. Oakley's investors will receive $29.30 a share, 16 percent more than yesterday's closing price, the company said in a statement. Oakley's 57-year-old founder, Jim Jannard, may get $1.3 billion for his 44.4 million shares." DAMN! I'm looking 4ward to getting my hands on a pair of Arnette Frogskinz.


6 comments:

  1. Anonymous3:58 PM

    say whaaaa ?

    ReplyDelete
  2. ben-day-ho9:30 PM

    are you serious??? that fucking sucks.

    ReplyDelete
  3. Anonymous11:16 AM

    Hu cares? Why does it suck? God bless the big payday.

    ReplyDelete
  4. ben-day-ho10:09 AM

    mostly cause loxxotica sucks as a company . they already drove arnette into the dirt.

    ReplyDelete
  5. Anonymous4:18 PM

    Fair nuff. But 1.3 billion reasons to never work again is all I'd need to hear to sell the fuck out. Godammit if that ain't my dream every stinking day. Unlimited funds to shred everywhere all the time with tons of hookers and blow. I don't know shit about Fagottica, but it looks like that's where sunglass companies go to die.

    ReplyDelete
  6. hoon2:46 PM

    the funniest part is i heard the deal being talked about on NPR. you know you're big time when you're sandwiched between a Bush sucks story and a Corporate oil sucks story.

    ReplyDelete

Subscribe to: Post Comments (Atom)