(Reuters) - PHILADELPHIA, July 5 - Advanced Medical Optics
Inc. has offered to buy larger eye-care company Bausch
& Lomb Inc. for $4.23 billion, topping a rival offer of
$3.67 billion from private equity firm Warburg Pincus ,
sources familiar with the situation said on Thursday.
Advanced Medical's offer is valued at $75 a share, of which
$45 is in cash and $30 in stock, the sources said. That offer
compares with a $65 a share offer made by Warburg Pincus in
May. Bausch & Lomb's takeover agreement from Warburg Pincus
allowed it to solicit other bids for 50 days.
Read more at Reuters.com Bonds News
Inc. has offered to buy larger eye-care company Bausch
& Lomb Inc. for $4.23 billion, topping a rival offer of
$3.67 billion from private equity firm Warburg Pincus ,
sources familiar with the situation said on Thursday.
Advanced Medical's offer is valued at $75 a share, of which
$45 is in cash and $30 in stock, the sources said. That offer
compares with a $65 a share offer made by Warburg Pincus in
May. Bausch & Lomb's takeover agreement from Warburg Pincus
allowed it to solicit other bids for 50 days.
Read more at Reuters.com Bonds News
1 comment:
If I was B & L, I would accept AMO's offer in a heart beat. This is a great deal for both companies,
Rod Kemp
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