Bausch & Lomb to begin tender for Wesley Jessen

Article Abstract:

Bausch and Lomb Inc. has launched its hostile takeover bid for Wesley Jessen VisionCare Inc. Bausch and Lomb will offer to buy Wesley for $34 (35.54 euros) per share in cash.

Asset sales & divestitures, Contact Lenses & Accessories, Wesley Jessen VisionCare Inc., WJCO

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Net income falls in third quarter at Bausch & Lomb

Article Abstract:

Bausch and Lomb Inc. posted a decline of 94% in its net income for the 2000 third-quarter. The company posted $14.7 million (17.2 million euros) in net income for the period.

Sales, profits & dividends, Finance

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Bausch and Lomb, Luxottica agree on sale of business

Article Abstract:

Bausch and Lomb of Rochester, NY has agreed to sell its sunglasses business to Luxottica Group S.p.A. of Italy. The price is $640 million, more than industry observers had expected. The sale includes the Ray-Ban brand. Bausch and Lomb will now concentrate on its core businesses of contact lenses, eye care and ophthalmic surgical equipment

Italy, Luxottica S.p.A.

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