Friday, July 6, 2007

AMO Makes $4.3B Bid For Bausch & Lomb

Santa Ana-based Advanced Medical Optics said Thursday that it has submitted a proposal to acquire Bausch & Lomb, for $75M in cash and stock. The deal is worth approximately $4.3B. AMO's bid topped a competing proposal for Bausch & Lomb from private equity firm Warburg Pincus, which had previously offered $3.67B for Bausch. According to Advanced Medical Optics, the deal will include $45 in cash plus $30 in stock for each share of Bausch & Lomb. Advanced Medical Optics is a manufacturer of laser vision correction equipment and other products. Goldman Sachs is advising AMO in the deal.

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