Bausch + Lomb (BLCO) said Thursday that a go-private deal with a third-party buyer won't materialize at this time.
The deal was one of the options being explored to complete a full separation from Bausch Health (BHC), Bausch + Lomb said.
"After engagement with potential buyers, that process is complete, and will not result in a transaction at this time," Bausch + Lomb said, adding that "full separation remains the goal."
Bausch + Lomb shares were falling past 8% in recent trading, and Bausch Health was down nearly 4%.
Price: 16.29, Change: -1.46, Percent Change: -8.23
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