Bausch + Lomb provides update on potential sale
The announcement comes after a request was made by the Canadian Investment Regulatory Organization (CIRO) to explore the possibility of a sale.
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Bausch + Lomb announces that it has no immediate plans to go private in an update provided by the company on a potential sale opportunity.1 The update follows a request made by the Canadian Investment Regulatory Organization (CIRO) to explore the sale in December 2024.2
“Taking Bausch + Lomb private with a third-party buyer was one of several options being explored to complete a full separation from Bausch Health Companies Inc. After engagement with potential buyers, that process is complete, and will not result in a transaction at this time,” the company said in a statement. “Full separation remains the goal. Bausch + Lomb continues to operate as its own entity and execute on its strategies and business plan. The company, which raised 2024 revenue guidance on October 30, will report fourth-quarter and full-year 2024 earnings on February 19, in addition to providing guidance for the 2025 fiscal year.”
The sale of Bausch + Lomb would have completely separated the company from Bausch Health Companies Inc.1
“While the company normally would not comment on deal negotiations, CIRO requested confirmation of a potential sale process given stock volatility often associated with market rumors,” Bausch + Lomb stated in a December 2024 news release. “Bausch + Lomb does not intend to provide additional detail until further disclosure is appropriate or necessary.”
Bausch + Lomb is currently traded on both the New York Stock Exchange and Toronto Stock Exchange.
References:
Bausch + Lomb provides update on potential sale. News release. Bausch + Lomb. February 6, 2025. Accessed February 10, 2025. https://www.bausch.com/news/?id=248
Bausch + Lomb responds to rumors of a potential sale. News release. Bausch + Lomb. December 12, 2024. Accessed February 10, 2025. https://www.bausch.com/news/?id=240
