Thinly traded and struggling optical retailer U.S. Vision Inc. put itself on the block Sept. 29 after having received a $4 per share takeout offer which it deemed inadequate. Closely held U.S. Vision received the unsolicited $31 million bid in August from Norcross Investment Group. Newly appointed U.S. Vision Chief Financial Officer George McHenry has stated publicly that the company’s decision to review strategic alternatives and the hire of Janney Montgomery Scott was an effort to see what better offers might be attained. McHenry did not return a call at press time, and neither Norcross could nor the lead banker at Janney could be reached.
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