Wesley Jessen Seeks Sweetened Acquisition Offer From Bausch & Lomb
This article was originally published in The Gray Sheet
Executive Summary
Bausch & Lomb can afford to increase its offer to buy tinted contact lens manufacturer Wesley Jessen by up to $8 a share without diluting earnings per share for 2001 and 2002, Wesley Jessen told shareholders in an April 10 letter advising them to reject Bausch & Lomb's unsolicited $34 bid. Bausch & Lomb's hostile tender offer commenced April 3.
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