July 5, 2012 / 10:10 PM / 5 years ago

Bausch & Lomb could go public this year: WSJ

(Reuters) - Bausch & Lomb could go public as early as the end of this year, the Wall Street Journal reported, citing people familiar with the company’s thinking.

The eye-care company’s Chief Executive Brent Saunders told Reuters last October that he was setting sights on an IPO for the company “in the next couple of years.”

Bausch & Lomb and its private equity owner Warburg Pincus declined to comment.

Previously traded on the New York Stock Exchange, the Rochester, New York-based company was acquired for $4.5 billion by Warburg Pincus in late 2007 after falling out of Wall Street’s favor because of product recalls, big charges and restatements of earnings.

Bausch & Lomb agreed to buy Ista Pharmaceuticals Inc ISTA.O in March for about $500 million in cash to broaden its portfolio of eye health products.

Reporting by Ashutosh Pandey in Bangalore; Editing by Supriya Kurane

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below