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Bausch + Lomb won't sell, after purchase talks fell short, causing its stock to drop 8.45%.
Bausch + Lomb, an eye health company, will not be sold after talks with a potential buyer failed to meet the company's valuation expectations.
The company, owned 88% by Bausch Health Companies Inc., will continue its independent operations and report its 2024 earnings and 2025 guidance on February 19.
Its stock fell 8.45% to $16.19 after the announcement, with analysts giving it a "Hold" rating and an average price target of $20.25.
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Bausch + Lomb no se venderá, después de que las conversaciones de compra fueron cortas, lo que provocó que sus acciones bajaran 8,45%.