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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.


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