Advanced Medical Optics attempts to prove support for Bausch & Lomb deal
This article was originally published in Clinica
Executive Summary
Advanced Medical Optics appears to have boosted its chances of acquiring Bausch & Lomb from under the nose of Warburg Pincus after it was given permission by B&L to provide certain information concerning the transaction to some of its larger shareholders. AMO was requested by B&L to prove that its shareholders would back the $4.2bn takeover, after the bid was opposed by the company's third-largest shareholder ValueAct Capital.