On May 28, popular news and technology blog DigitalOlympus.com commented on a recent article by Euan Rocha and Rod Nickel on Reuters News regarding Valeant Pharmaceuticals International announcement on Monday to acquire Bausch & Lomb Holdings Inc. from Warburg Pincus LLC for $8.7 billion.
The Reuters News piece disclosed that the acquisition will reinforce Valeant’s contribution in the ophthalmic pharmaceuticals, contact lenses and lens care products, and including ophthalmic surgical devices and instruments to its range.
Responding to the Reuters News story, DigitalOlympus.com leading researcher Jake Owen commends the decision of Valeant Pharmaceuticals International to acquire Bausch & Lomb Holdings Inc. describing it as a business intelligence effort that will enable the firm boost its portfolio of pharmaceutical offering and increase the firm’s global presence.
According to Rocha and Nickel, “Valeant shares rose nearly 8 percent in Toronto to C$93.71, touching an all-time high. It had gained 13 percent on Friday following reports a deal was in the works. The company's stock has multiplied six times over in about three years, with Valeant racking up some 60 deals since 2008.”
In a statement following the report, Owen recommended that it is crucial for companies seeking to extend their product portfolio to conduct professional corporate investigations before investing in any firm, citing the increase of Valeant shares value due to the announcement that it has agreed to acquire Bausch & Lomb Holdings Inc. for $8.7 billion.
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