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POTENTIAL DEAL DETAILS
| Stock | Bausch + Lomb Corp. | Symbol | BLCO |
| Date Announced | 09/14/2024 | Source | The Financial Times |
| Type | News Report |
The Financial Times reported that Bausch + Lomb (BLCO) is working with advisers from Goldman Sachs (GS) to test interest from potential buyers. The eye care business is likely to draw interest from private equity groups.
Bausch + Lomb Corporation Investor Relations
Update(s):
September 18, 2024: The Financial Times reported that Blackstone (BX), Advent International, and TPG (TPG) are among a long list of private equity firms studying bids for Bausch + Lomb (BLCO). Private equity groups KKR (KKR), CVC Capital, and Hellman & Friedman are also considering bids for the eyecare business, ahead of a soft deadline later this week. The firms have held meetings with Bausch + Lomb’s management team in recent weeks. Potential bidders will have to express interest in making an offer by Friday to stay in the process. Bausch + Lomb wants to enter into exclusive talks over a possible sale by the end of October.
October 14, 2024: The Financial Times reported that private equity groups TPG (TPG) and Blackstone (BX) have teamed up to work on a joint bid for eyecare company Bausch + Lomb (BLCO). The offers were expected to value the company at an enterprise value of between $13bn and $14bn, or up to $25 per share. Formal bids are expected by as early as the end of the month.
October 21, 2024: Bloomberg reported that banks and private credit firms are competing to provide at least $5 billion of debt financing to help fund a potential buyout of Bausch + Lomb (BLCO). A takeover could give the company a valuation of at least $10 billion including debt.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.