Banks and private credit firms are competing to provide at least $5B of debt financing to help fund a potential buyout of Bausch + Lomb (BLCO), Jeannine Amodeo, Gowri Gurumurthy and Paula Seligson of Bloomberg report, citing people with knowledge of the matter. A takeover could give the company a valuation of at least $10B including debt, sources told Bloomberg. Bausch + Lomb has been exploring a sale and private equity firms TPG (TPG) and Blackstone (BX) have been working on a joint bid, the sources added. Shares of Bausch + Lomb are down 1% to $20.40 in afternoon trading.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLCO:
- Etsy, Enphase downgraded: Wall Street’s top analyst calls
- Bausch + Lomb upgraded to Outperform from In Line at Evercore ISI
- M&A News: TPG and Blackstone Could Eye Joint Bid for Bausch + Lomb (NYSE:BLCO)
- Boeing to cut 10% of workforce, Lundbeck to acquire Longboard: Morning Buzz
- Bausch + Lomb’s New Intraocular Lens Wins FDA Approval