March 18 (Reuters) - New Look Vision Group Inc BCI.TO :
* FFL PARTNERS AND CDPQ AGREE TO ACQUIRE NEW LOOK VISION GROUP INC. AT $50.00 PER SHARE IN AN ALL-CASH TRANSACTION
* ENTERED INTO AN ARRANGEMENT AGREEMENT TO BE ACQUIRED BY NL1 ACQUIRECO INC
* NEW LOOK VISION -TRANSACTION VALUES NEW LOOK VISION AT ABOUT $800 MILLION ON EQUITY VALUE BASIS AND AT ABOUT $970 MILLION ON AN ENTERPRISE VALUE BASIS
* TRANSACTION IS TO BE EFFECTED BY WAY OF A COURT-APPROVED PLAN OF ARRANGEMENT AND IS EXPECTED TO CLOSE IN FIRST HALF OF 2021