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Bausch & Lomb (BOL Quote) was rising nearly 10% Wednesday after the company agreed to be acquired by affiliates of the private equity firm Warburg Pincus for roughly $3.7 billion.
The deal will see Warburg Pincus buy the maker of contact lenses for $65 a share, a 6% premium to its closing price Tuesday. Including $830 million of debt, the transaction is valued at about $4.5 billion.
Shares of Bausch & Lomb were up $6.15 to $67.60 in premarket trading. Rumors emerged last month that the company could be in play, sending its stock surging more than 11% on April 23. ...
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