Abbott Eyes Bausch & Lomb Bid

Daily Herald (Arlington Heights, IL), January 5, 2013 | Go to article overview

Abbott Eyes Bausch & Lomb Bid


Abbott eyes Bausch & Lomb bid

LIBERTYVILLE TOWNSHIP Abbott Laboratories is reportedly among companies that have shown interest in Bausch & Lomb Inc., the eye-care company Warburg Pincus LLC is seeking to sell, said people with knowledge of the matter. Warburg, working with Goldman Sachs Group Inc., is giving interested parties access to its financial data and seeking first-round bids by months end, said the people, who asked not to be named because the process is private. Warburg is seeking at least $10 billion for the business, these people said. Goldman Sachs contacted some prospective bidders right before Christmas with information about Bausch & Lomb, said one of the people. Abbott, which officially spun out its drug business earlier this month, has retained Morgan Stanley as a financial adviser to consider a purchase of Bausch & Lomb, said two of the people. Other companies interested in the company are Johnson & Johnson and French pharmaceutical company Sanofi.

5 Ice Miller attorneys honored

LISLE Three Ice Miller LLP attorneys have been named 2013 Illinois Super Lawyers, and two of its attorneys were named Rising Stars by Illinois Super Lawyers Magazine and Chicago Magazine. The 2013 Ice Miller Illinois Super Lawyers are Diane E. Gianos, employment and labor; Bart T. Murphy, class action/mass torts; and Eric L. Singer, construction litigation. The 2013 Ice Miller Illinois Rising Stars are Elizabeth A. McKillip, estate & trust litigation; and Renee M. Straub, construction litigation. The 2013 Super Lawyers were selected through a multiphase process, including peer nominations and third party research. The names will be announced in the 2013 edition of Illinois Super Lawyers Magazine and Chicago Magazine.

Stern Pinball hires new exec

MELROSE PARK Stern Pinball Inc., the worlds leading maker of real pinball games, hired former Topps Trading Cards Vice President John Buscaglia as the new Chief Revenue Officer. Buscaglia joins the Stern Pinball team as they continue to grow pinball sales and enthusiasm around the world. …

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