Wednesday, January 8, 2014
WellPoint to Drop 1-800 Contacts and to Pick Up Assets from Glasses.com
WellPoint (WLP) signed an agreement to sell its online contact lens retail subsidiary 1-800 Contacts to private equity firm Thomas H. Lee Partners, according to a press release on Yahoo!Finance. Additionally, the company--with Luxottica--has entered into an asset-purchase agreement for glasses.com and its virtual try-on technology. Each agreement is subject to customary closing conditions and each transaction should close by March's end. Read more.