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In the definitive proxy statement filed with the SEC on March 29,1995, Luxottica provides an incomplete description of recent market prices forUS christian christian louboutin shoes shares while urging shareholders to return Agent Designations if theyare in favor of receiving the opportunity to sell their shares to Luxottica $24for in cash Luxottica states that "ver the past twelve months the Shareshave traded as low as $1350 per Share The Offer represents more than a 75%premium over that price and a 28% premium over the reported closing price forthe. Shares on the NYSE composite tape on March 2, 1995, the day before the Offerwas first publicly disclosed" See Solicitation Statement, at p2. However, Luxottica fails to disclose that US Shoe sharestraded at $24 per share as recently as the third quarter of the fiscal yearending January 28, 1995, and have traded more recently at prices more than $2per share in excess of Luxottica's $24 per share offer In the absence of thisinformation, Luxottica's statements regarding recent market prices for US christian louboutin stock are materially misleading. C LUXOTTICA'S PROXY MATERIALS CONTAIN FALSE AND MISLEADINGSTATEMENTS REGARDING THE NUMBER OF SHARES OWNED BY MELLON BANKCORPORATION. In Schedule III to its Solicitation Statement , Luxottica misleadingly reports shares owned by Mellon Bank Corporation and three of its affiliates or subsidiaries separately, whereasthe shares owned by Mellon Bank's subsidiaries are included in the report ofshares owned by Mellon Bank christian shoes itself As a result of this misstatement, itappears to the reader of Luxottica's Solicitation Statement that Mellon Bankand its subsidiaries are beneficial owners of 16,158,000 common shares of US christian louboutin, representing 3485% of the outstanding common shares, and that MellonBank and its subsidiaries therefore may have significant power to control theacceptance or rejection of the 831 Solicitation, and,christian louboutin, indeed, the
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Brown Shoe Announces July Retail Sales |
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