Bausch + Lomb (BLCO) shares fell nearly 14% in recent Wednesday trading after Citigroup downgraded the company's stock to neutral from buy.
On Wednesday, the Financial Times reported that Blackstone (BX) has decided not to proceed with a joint takeover bid for Bausch + Lomb. The report said that Blackstone, which initially partnered with TPG (TPG) in October to explore a bid, backed out due to high price expectations from the seller.
Also on Wednesday, Bausch + Lomb said that its affiliate has bought Elios Vision.
Price: 17.82, Change: -2.83, Percent Change: -13.70
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