Friday, July 27, 2007

UPDATE 2-Advanced Medical reaffirms Bausch & Lomb bid

(Reuters) - PHILADELPHIA, July 27 - Advanced Medical Optics
Inc. reaffirmed its $4.23 billion takeover bid for
Bausch & Lomb Inc. on Friday, and offered the eye-care
company two alternatives to gauge shareholder support for the
unsolicited offer.




Advanced Medical wants to wrest Bausch & Lomb away from its
existing agreement to be acquired by private equity firm
Warburg Pincus for $3.67 billion.


Read more at Reuters.com Mergers News

No comments: