Tuesday, July 1, 2014
Cooper to Buy Sauflon, a Producer of CLs
"The Cooper Companies announced it has entered into definitive agreements to acquire Sauflon Pharmaceuticals, a European manufacturer and distributor of soft contact lenses and solutions, in a transaction valued at approximately $1.2B," reports Yahoo! Finance. "Sauflon forecasts revenue of approximately $210M for FY14, up approximately 22% year-over-year. Excluding one-time charges and deal-related amortization, the transaction is expected to be accretive to EPS in FY15. The acquisition will be financed with off-shore cash and credit facilities." Read more.