Bausch & Lomb takeover endorsed
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From Times Wire Services
Bausch & Lomb’s board recommended that shareholders approve a proposed $3.67-billion takeover of the company by private equity firm Warburg Pincus after Advanced Medical Optics Inc. withdrew a higher offer.
The stockholders will vote on the plan at a meeting Sept. 21, Rochester, N.Y.-based Bausch & Lomb said in a letter filed with the Securities and Exchange Commission. Advanced Medical withdrew its $4.3-billion bid for the contact lens maker Wednesday.
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