Friday, July 6, 2007
AMO Makes $4.3B Bid For Bausch & Lomb
Santa Ana-based Advanced Medical Optics said Thursday that it has submitted a proposal to acquire Bausch & Lomb, for $75M in cash and stock. The deal is worth approximately $4.3B. AMO's bid topped a competing proposal for Bausch & Lomb from private equity firm Warburg Pincus, which had previously offered $3.67B for Bausch. According to Advanced Medical Optics, the deal will include $45 in cash plus $30 in stock for each share of Bausch & Lomb. Advanced Medical Optics is a manufacturer of laser v (More info...)
posted on Friday, July 6, 2007(Full story)
SAIL Ventures Funds Spark Plug Firm
Costa Mesa-based SAIL Ventures has funded Albuquerque, New Mexico-based ENERPULSE Incorporate, a firm developing a drop-in-replacement for automotive spark plugs. SAIL led a $5.5M Series B funding, alongside Altira Group. SAIL Ventures is an investor in energy and cleantech firms. ENERPULSE said Friday that the investment will help it power up for a market launch.
posted on Friday, July 6, 2007 (More)(Full story)
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