Contact lens maker Bausch + Lomb confirms it is exploring sale (updated)

Bausch Health Companies

12/12/2024 12:27

(Adds details and background on potential sale throughout)
       Dec 12 (Reuters) - Bausch + Lomb  BLCO.TO  said on
Thursday it was exploring a potential sale, as it considers
options to separate itself from its Canadian parent Bausch
Health  BHC.TO . 
    The company's statement is in response to a request from the
Canadian Investment Regulatory Organization (CIRO), given the
volatility in its stock price following media reports of a sale.
        The Financial Times reported on Oct. 14 that private
equity firms TPG and Blackstone were working on a joint bid to
take the company private for up to $11.5 billion, including
debt.
  
        However, earlier this month another report from the FT
said Blackstone had cooled its interest.
  
         
  

 (Reporting by Puyaan Singh, Kashish Tandon, Sriparna Roy and
Mariam Sunny in Bengaluru; Editing by Alan Barona and Anil
D'Silva)
 ((Puyaan.Singh@thomsonreuters.com;))