This Week
  • Check out a slideshow of a $4M exhibit coming to the Strong Museum.

  • In the region's telecom industry, being small can be a competitive advantage.

  • Younger workers are less likely to stick with one employer.

  • United Way leader Fran Weisberg works for change by bringing people together.

  • Rochester Precision Optics LLC employs 200 full-time and eight part-time staffers.

  • Dmitriy Ruzhanskiy has crafted his career in the restaurant industry.

Reports: B&L hires Goldman to explore sale

Rochester Business Journal
December 12, 2012

Bausch & Lomb Inc. appears to be on the market. The Wall Street Journal and Bloomberg report the company has hired investment bank Goldman Sachs Group Inc. to explore a sale after receiving informal expressions of interest from several large health care companies. The articles cite unnamed people familiar with the matter.

The eye-care company reportedly is hoping to command a price of at least $10 billion.

Warburg Pincus LLC bought the Rochester company for $3.7 billion in September 2007, taking the longtime publicly traded company private. Bausch & Lomb leaders this year indicated its goal to go public again.

Bloomberg reported Goldman this month contacted health care companies such as Sanofi, GlaxoSmithKline PLC and Merck & Co. Other companies, such as Abbott Laboratories, are expected to be contacted.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google