Saturday, March 2, 2013

IPO Values Bausch & Lomb between $9 Billion and $10 Billion

“JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC) and Citigroup (C)will lead an initial public offering of eye care company Bausch & Lomb, Reuters said, citing knowledgeable sources.” That’s the start of a post from “The planned IPO is expected to value the company at $9 bil-$10 bil. Private equity firm Warburg Pincus, which selected the underwriters, is exploring possible sale of the company if timing isn't right for an IPO, the report said. The fin'l institutions declined to comment. JPMorgan shares fell 0.02% to 48.91, BofA rose 1% to 11.34 and Citi rose 0.3% to 42.11.” Read more.
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