Bausch Health Says Bausch + Lomb Subsidiary Sale Under Consideration

MT Newswires Live12-12

Bausch Health (BHC) said Thursday that it has authorized its Bausch + Lomb (BLCO) subsidiary to explore a potential sale, among the options under consideration to complete a previously announced plan to separate the two companies.

"The company believes that completing the full separation of its subsidiary, Bausch + Lomb Corporation makes strategic sense," Bausch said in a statement requested by the Canadian Investment Regulatory Organization. "That process is ongoing. No decision has been reached to proceed with any particular transaction, and there can be no assurance that it will result in a transaction."

Bausch Health, which trades on both the New York and Toronto stock exchanges, said it does not intend to provide additional detail unless necessary.

Bausch Health shares were 1.6% higher in US premarket trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment