Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, September 14, 2007

Bausch & Lomb Sahreholders Set to Vote on Cash Buyout

Bausch & Lomb said that four proxy advisers recommended the shareholders vote for a $3.7 billion cash-out merger offer ($65 per share) from Warburg Pincus.  The shareholders meeting is set for Sept. 21.  Last month Advanced Medical Optics withdrew a higher offer after B&L requested assurance that AMO shareholders backed the deal.  WSJ, Four Proxy Firms Urge Shareholders Of Bausch & Lomb to Vote for Deal.

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