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A potential merger with Bausch + Lomb may enhance BHC's competitive stance, similar to past successful mergers in the industry, such as Johnson & Johnson's acquisition of Abbott’s vision care division, which significantly increased market share and stock value.
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Activist investor Jana Partners supports a potential merger of Cooper and Bausch + Lomb. Cooper approved a $1 billion increase in its share repurchase program. Bausch + Lomb CEO favors the merger to enhance competition in contact lenses. Cooper’s stock has dropped over 20% this year amid operational inefficiencies. Sales for CooperVision and CooperSurgical show moderate growth, indicating business stability.
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