"Warburg Pincus is looking to sell its eye-care company Bausch & Lomb, and Abbott Laboratories (NYSE:ABT), Johnson & Johnson (NYSE:JNJ), and Sanofi (NYSE:SNY) have all shown an interest in acquiring the company that made Ray-Bans an iconic sunglass brand." So goes the post on Wall St. Cheat Sheet. "With the assistance of Goldman Sachs, Warburg has decided to sell the business for approximately $10 billion and will begin seeking first-round bids by the end of January. In 2007, the global private equity firm took Bausch & Lomb private, buying the company for $4.6 billion, including debt." Read more.
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