Wednesday, May 16, 2007

UPDATE 1-Warburg Pincus to buy Bausch & Lomb for $3.67 bln

(Reuters) - Under the terms of the deal, Warburg Pincus will acquire all of the outstanding shares of Bausch & Lomb common stock for $65 per share in cash. It will also assume about $830 million in debt.

Shares of the company were trading at $67.40 in premarket activity, an indication that investors may expect a higher bid.


Read more at Reuters.com Mergers News

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