Thursday, May 24, 2007

Advanced Medical says interested in Bausch & Lomb

(Reuters) - "We believe that the current transaction with Warburg Pincus undervalues Bausch & Lomb, and we plan to enter the go-shop process with the intention of exploring a superior offer for the company," Advanced Medical said in a statement.



Bausch & Lomb agreed last week to be acquired by Warburg Pincus for about $3.67 billion. Bausch & Lomb, however, had the right to solicit other offers during the next 50 days.


Read more at Reuters.com Mergers News

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