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AMO Bids on Bausch & Lomb

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ROCHESTER, N.Y., July 6, 2007 -- Contact lens and lens product maker Bausch & Lomb announced Thursday it has received an acquisition proposal from Advanced Medical Optics (AMO), a Santa Ana, Calif.-based maker of surgical devices and contact lens care products. AMO said yesterday it has submitted a proposal to acquire the Rochester, N.Y., company for $4.23 billion in cash and stock, topping a bid by a private equity firm. Bausch & Lomb had agreed in May to sell itself to Warburg Pincus LLC for $3.67 billion (See Warburg Pincus to Buy Bausch & Lomb). The AMO proposal is "subject to termination of...Read full article

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    Published: July 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Advance Medical OpticsAMOBausch & LombBiophotonicscontact lens careEmploymenteye-care industrylensesNews & FeaturesOpticsphotonicssurgical devicesWarburg Pincus

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