Bausch + Lomb shares surged on Blackstone and TPG's potential bid. The bid could value Bausch + Lomb at $13-$14 billion. Formal bids are expected by the end of the month. Shares rose over 7% recently, continuing a 23% year-to-date gain. Bausch + Lomb working with Goldman Sachs on strategic options.
Bausch & Lomb shares rose due to potential sale discussions. Goldman Sachs is involved in exploring sale options. The move aims to address issues with parent Bausch Health's debts.
Bausch + Lomb considering a sale from indebted parent company Bausch Health. Bausch Health carries $21 billion debt, with $10 billion maturing in 2027. Company's shares rose 14% following sale speculation. Bausch + Lomb's enterprise value is over $10 billion, including debt. Bausch Health must pass solvency test before divestment approval.
Bausch + Lomb stock surged 18% amid sale rumors to relieve debt. Goldman Sachs is advising on potential sale to private equity. Concerns exist over Bausch Health's solvency post-separation. Analysts suggest private equity is the likely buyer. Bausch Health retains significant debt impacting BLCO's valuation.
- Bausch + Lomb expected to see earnings decline but revenue increase in Q1 2024. - Stock price may move based on results compared to estimates in upcoming earnings report. - Company has a negative Earnings ESP of -29.91% and Zacks Rank #4. - Positive Earnings ESP, combined with Zacks Rank #1, 2, or 3, predicts earnings beat. - Company has beaten consensus EPS estimates three out of the last four quarters. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings