Wednesday, December 12, 2012

Bausch & Lomb Up for Sale?

"US private equity group Warburg Pincus LLC is considering a sale of Bausch & Lomb Inc, looking to collect in excess of USD10bn (EUR7.7bn) for the US maker of contact lenses and assorted eye care products, Reuters reported citing a source in the know," according to the Financial News. "Warburg Pincus has hired investment banking giant Goldman Sachs Group Inc (NYSE:GS) and asked it to sound out interest among potential buyers, the news agency said. Among the parties Goldman has been told to approach are some leading healthcare companies. However, there is also the possibility that Warburg Pincus will opt to list the business instead, the person added." Read more.

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