Bausch & Lomb Eyes A Bidding War

With more than 300 product-liability lawsuits pending against it, Bausch & Lomb doesn’t seem like the ideal takeover candidate. But it could be the center of a bidding war, if Advanced Medical Optics, a rival eye care product company, follows through on a potential offer.

On Thursday, Advanced Medical announced that it may trump Warburg Pincus’ $65-a-share offer with a higher bid.

“We believe that the current transaction with Warburg Pincus undervalues Bausch & Lomb,and we plan to enter the go-shop process with the intention of exploring a superior offer for the company,” the company said in a statement.

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- Posted: 2007-05-25 13:04:25

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