Bausch & Lomb Corp
BLCO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.$ | LOCK|np^Z@ | LOCK|X!F!F@? |
Bausch & Lomb: End to Sale Process Disappoints Investors but Doesn’t Sway Our Long-Term Outlook
Narrow-moat Bausch & Lomb announced Feb. 6 that the potential takeover process has now ended and the firm will not go through a transaction at this time. This disappointed investors who were hopeful that potential buyers would pay a premium, with some sources suggesting interested parties were prepared to offer a bid of up to $25 per share, sent shares down roughly 10%. We maintain our favorable long-term outlook for the firm and maintain our fair value estimate of $20 (CAD 27.50) per share.
