1-800 Contacts sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Aug. 7 - 1-800 Contacts, Inc. will hold a special meeting of stockholders on Sept. 5 to vote on the proposed acquisition of the company by Fenway Partners Capital Fund III, LP. Under the companies' June 3 agreement, 1-800 Contacts stockholders will receive $24.25 per share in a deal valued at an estimated $340 million.

As previously reported, the company's board approved the deal and recommends shareholders vote to approve the transaction.

1-800 Contacts is based in Draper, Utah, and allows consumers to obtain replacement contact lenses over the phone or through the internet.

Fenway Partners is a middle-market private equity firm with offices in New York and Los Angeles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.