Bausch & Lomb Inc. said Friday that four proxy advisory firms have
recommended shareholders vote in favor of the company’s $4.5 billion buyout by
Warburg Pincus. The proxy firms include Institutional Shareholder Services
Inc., Egan-Jones Proxy Services, Glass, Lewis & Co. LLC and Proxy
Governance Inc. In May, Bausch & Lomb agreed to be bought by Warburg
Pincus for $65.00 per share in cash. The total purchase price of $4.5 billion
includes $830 million of debt. Shareholders are expected to vote on the deal
Sept. 21. — Christine Idzelis
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Wall Street Journal article (subscription required)
See
TheDeal.com article
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