Bausch + Lomb down after report that Blackstone could back away from takeover bid [Yahoo! Finance]
Bausch + Lomb Corporation (BLCO)
Company Research
Source: Yahoo! Finance
Blackstone (NYSE:BX) could back away from a joint bid to acquire the eyecare company, raising doubts about one of the largest healthcare buyouts of the year. The private equity giant had teamed up with investor TPG in October to explore a bid for Bausch + Lomb . However, Financial Times reported citing sources that Blackstone has grown wary of the seller's high price expectations. Citi downgraded Bausch + Lomb to “neutral” from “buy” in a note on Wednesday, slashing its price target to $22 from $24. The auction process for Bausch + Lomb, known for its contact lenses, dry eye treatments, and surgical ophthalmology devices, began earlier this year as its debt-laden parent, Bausch Health, seeks to reduce its liabilities. Related Articles Bausch + Lomb down after report that Blackstone could back away from takeover bid Albertsons demands billions from rival Kroger after terminating merger bid Global shares, US dollar rise as inflation data reinforces Fed hopes
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BLCO
News
- Bausch + Lomb Confirms It Is Exploring a Potential Sale [BNN Bloomberg (Canada)]BNN Bloomberg
- Bausch + Lomb Co. (NYSE: BLCO) had its "underperform" rating re-affirmed by analysts at Bank of America Co.. They now have a $18.00 price target on the stock.MarketBeat
- Bausch + Lomb Co. (NYSE: BLCO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $23.00 price target on the stock.MarketBeat
- Bausch Health Responds to Rumors of a Potential Sale of Bausch + Lomb [Yahoo! Finance]Yahoo! Finance
- Bausch + Lomb Responds to Rumors of a Potential SaleBusiness Wire
BLCO
Earnings
- 10/30/24 - Beat
BLCO
Sec Filings
- 11/1/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- BLCO's page on the SEC website