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Advanced Medical Optics' Visx buy delayed:

This article was originally published in Clinica

Executive Summary

Advanced Medical Optics says its acquisition of Santa Clara, California-based laser vision correction firm Visx will be delayed by the audit of their financial results. AMO had hoped to close the $1.3bn deal, which was signed in November 2004, in the first quarter of 2005. The Santa Ana, California acquirer said the audited year-end financial statements for both companies must now be included in the proxy statement and prospectus before shareholders vote on the transaction. The acquisition is now expected to close during the second quarter.

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