(Reuters) - Advanced Medical's offer is valued at $75 a share, of which $45 is in cash and $30 in stock, the sources said. That offer compares with a $65 a share offer made by Warburg Pincus in May. Bausch & Lomb's takeover agreement from Warburg Pincus allowed it to solicit other bids for 50 days.
"It's hard to find a way to argue that $75 isn't superior to $65," said Jeff Johnson, an analyst at Robert Baird.
Read more at Reuters.com Business News
"It's hard to find a way to argue that $75 isn't superior to $65," said Jeff Johnson, an analyst at Robert Baird.
Read more at Reuters.com Business News
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