By Inti Landauro

PARIS--French lens maker Essilor International SA (EI.FR) Friday said it would buy U.S. sunglasses maker Costa Inc. (ATX) in a $270 million deal.

Costa shareholders will receive $21.50 a share, a 19% premium over the volume-weighted average share price over the past six months.

Costa "is expected to report approximately $100 million in revenue in 2013," Essilor said.

Shareholders owning about 34% of the U.S. company have agreed to vote in favor of the deal, the French company said.

The transaction is expected to close in early 2014.

-Write to Inti Landauro at inti.landauro@wsj.com

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