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TPG ($TPG) and Blackstone ($BX) Team Up for Bausch + Lomb ($BLCO) Bid in Potential $14 Billion Deal

Oct 14, 2024, 09:22 AM

Private equity groups TPG ($TPG) and Blackstone ($BX) have teamed up to work on a joint bid for eyecare company Bausch + Lomb ($BLCO). If successful, the deal could be one of the largest private equity buyouts of the year. Offers are expected to reach up to $25 per share, valuing the company between $13 billion and $14 billion. This move comes as Bausch Health looks to resolve financial challenges. Additionally, Bausch + Lomb recently received FDA approval for its enVista® Envy™ Full Range of Vision Intraocular Lens.