FGX International to be Acquired by Essilor International for $19.75 Per Share

FGX International Holdings Limited (NASDAQ:FGXI) today announced that it has signed a definitive agreement to merge with a subsidiary of Essilor International of Charenton-le-Pont, France. Essilor shares trade on the NYSE Euronext Paris market and are included in the CAC 40 index.

Under the terms of the merger agreement, which was unanimously approved by the Boards of Directors of both companies, FGX International shareholders will receive $19.75 per share in cash upon completion of the merger, for an aggregate value of approximately $565 million, including the assumption of FGX debt of approximately $100 million. If completed, FGX International will become a wholly owned subsidiary of Essilor.

Read more: FGX International Holdings Limited ( FGXI )

Dollarama records strong sales and earnings growth in initial financial report following IPO

Dollarama Inc. ("Dollarama" or the "Corporation") (TSX: DOL.TO) reported significant increases in sales and net earnings today for the quarter and year-to-date periods ended November 1, 2009. Today's financial report for the third quarter of fiscal year 2010 is the first for Dollarama since the Corporation's initial public offering ("IPO") in October 2009.

Financial and Operating Highlights
(All comparative figures below and in the "Financial Results" section that follows, are for the 13-week and 39-week periods ended November 1, 2009 compared to the 13-week and 39-week periods ended November 2, 2008. Throughout this news release, the term "Normalized" has been used to refer to financial results that have been adjusted to exclude certain non-recurring items and charges related to the Corporation's IPO in October 2009.

Read more: Dollarama Inc ( DOL )

MEGA Brands reports third quarter 2009 results

MEGA Brands Inc. (TMX: MB) announced today its financial results for the third quarter ended September 30, 2009. (All figures are expressed in US dollars.)

The Corporation reported net earnings of $72.0 million or $1.22 diluted earnings per share, compared to a net loss of $122.1 million or $3.34 diluted loss per share in the third quarter of 2008.

Net earnings in the third quarter of 2009 before recovery of purchase price and, net of litigation expenses were $6.9 million or $0.14 diluted earnings per share. Earlier this week, the Corporation announced the settlement in its favor of all litigation with Lawrence, Jeffrey and Sidney Rosen, resulting in a gain of $72.0 million or $1.22 diluted earnings per share. The third quarter of 2008 was impacted by a $150.0 million pre-tax charge for impairment of goodwill and other assets.

Read more: MEGA Brands Inc ( MB )

Select Comfort Announces Third Quarter Results

Select Comfort Corporation (NASDAQ: SCSS), the nation’s leading bed retailer and creator of the SLEEP NUMBER® bed, today announced results for the fiscal 2009 third quarter ended October 3, 2009. Net sales for the quarter totaled $147.5 million, a decrease of 6 percent compared to $157.2 million in the third quarter of 2008. The company reported third-quarter net income of $6.9 million, or $0.15 per diluted share, compared to net income of $1.0 million, or $0.02 per diluted share, in the third quarter of 2008. The company generated $17.4 million in cash flow from operating activities during the quarter. Third-quarter results include a one-time charge of $3.3 million, or $0.05 per share, associated with the terminated financing activities year-to-date.

Read more: Select Comfort Corporation ( SCSS )

Amazon.com Announces Third Quarter Sales up 28% to $5.45 Billion; Newest Kindle Now Shipping and Lowering Price to $259 from $279

Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2009.

Operating cash flow was $2.25 billion for the trailing twelve months, compared with $1.27 billion for the trailing twelve months ended September 30, 2008. Free cash flow increased 98% to $1.92 billion for the trailing twelve months, compared with $0.97 billion for the trailing twelve months ended September 30, 2008.

Common shares outstanding plus shares underlying stock-based awards outstanding totaled 451 million on September 30, 2009, compared with 448 million a year ago.

Read more: Amazon.com Inc ( AMZN )