Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Advanced Medical Optics Confirms Interest in Bausch & Lomb.


SANTA ANA, Calif. -- Advanced Medical Optics Advanced Medical Optics, Inc., (NYSE: EYE) (known as AMO) is a global medical device leader focused on the discovery and delivery of innovative vision technologies that optimize the quality of life for people of all ages. , Inc. (AMO AMO - America's Multimedia Online ) (NYSE NYSE

See: New York Stock Exchange
: EYE), a global leader in ophthalmic surgical devices and eye care products, today issued the following statement in response to media reports regarding the company's interest in entering Bausch & Lomb's (NYSE: BOL BOL Bolivia (ISO Country code)
BOL Books Online
BOL Bole (SIL code, Nigeria)
BOL Bill Of Lading
BOL Beginning Of Line
BOL Best Of Luck
BOL Buzz Out Loud
BOL Bruin Online
BOL Beginning Of Life
) "go shop" process:

"We believe it is only logical to explore this opportunity given the highly complementary nature of our two businesses. Consideration of this potential transaction is consistent with our existing strategy to provide a full range of products that address vision care needs of people of all ages. We believe that the current transaction with Warburg Pincus undervalues Bausch & Lomb, and we plan to enter the go-shop process with the intention of exploring a superior offer for the company. Of course, we will only proceed with a transaction if after conducting thorough due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , our Board of Directors determines it is in the best interest of AMO stockholders."

There can be no assurance that the exploration of this opportunity will result in any transaction. The company does not anticipate any further public comment on this issue unless and until it deems further public comment to be necessary and appropriate.

Cautionary Statement Regarding Forward-Looking Statements

All statements regarding the Company's decision to explore an opportunity or consider a potential transaction are forward-looking statements within the meaning of the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. The words "anticipates," "will," "expect," "intends" and words of similar meaning identify forward-looking statements. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including the Company's decision to proceed with a transaction, the intention of exploring a superior offer for Bausch & Lomb, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

About Advanced Medical Optics (AMO)

AMO develops advanced, life-improving vision technologies for people of all ages. Products in the cataract/implant line include intraocular lenses (IOLs), phacoemulsification phacoemulsification /phaco·emul·si·fi·ca·tion/ (-e-mul?si-fi-ka´shun) a method of cataract extraction in which the lens is fragmented by ultrasonic vibrations and simultaneously irrigated and aspirated.  systems, viscoelastics, and related products used in ocular surgery. AMO owns or has the rights to such product brands as ReZoom(TM), Tecnis[R], Clariflex[R], Sensar[R], and Verisyse(TM) IOLs, Sovereign[R] and Sovereign[R] Compact(TM) phacoemulsification systems with WhiteStar[R] technology, Healon[R] viscoelastics, and the Baerveldt[R] glaucoma shunt. Products in the laser vision correction line include wavefront Noun 1. wavefront - (physics) an imaginary surface joining all points in space that are reached at the same instant by a wave propagating through a medium
wave front
 diagnostic devices, femtosecond lasers and associated patient interface devices, and excimer laser vision correction systems and treatment cards. AMO brands in the laser vision correction business include Star S4 IR(TM), WaveScan Wavefront[R], CustomVue(TM), IntraLase FS(TM), IntraLase Method(TM) and IntraLasik(TM). Products in the contact lens care line include disinfecting solutions, enzymatic cleaners and lens rewetting drops. Among the eye care product brands the company possesses are COMPLETE Moisture PLUS[R], COMPLETE[R] Blink-N-Clean[R], Consept[R]F, Consept[R] 1 Step, Oxysept[R] 1 Step, UltraCare[R], Ultrazyme[R], Total Care(TM) and blink(TM) branded products. AMO is based in Santa Ana, California Santa Ana is the most populous city in Orange County, California and is the county seat. It lies approximately 10 miles inland from the Pacific Ocean, on the largely seasonal Santa Ana River. , and employs approximately 4,200 worldwide. The company has operations in 24 countries and markets products in approximately 60 countries. For more information, visit the company's Website at www.amo-inc.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 24, 2007
Words:621
Previous Article:SumTotal Systems Closes $35.1 Million Common Stock Offering.
Next Article:PRIMEDIA's Automotive.com Wins Hitwise U.S. Top 10 Award January - March 2007.
Topics:



Related Articles
Bausch & Lomb plans new HQ in Rochester.
Bausch & Lomb Announces Dwain L. Hahs, James T. Horn and James F. Milton Elected Corporate Vice Presidents - Horn also named President of the...
BAUSCH & LOMB ANNOUNCES PLAN TO DIVEST SPORTS OPTICS BUSINESS; COMPANY REASSESSES STRATEGIES FOR CONSUMER ORAL CARE BUSINESS.
BAUSCH & LOMB ANNOUNCES RESULTS FOR 1994 FOURTH QUARTER AND FULL YEAR EARNINGS IMPACTED BY CHARGE TO WRITE-OFF GOODWILL IN ORAL CARE BUSINESS.
BAUSCH & LOMB REPORTS A 16% GAIN IN SECOND QUARTER REVENUES FROM CONTINUING PRODUCT LINES; STRONG IMPROVEMENT IN NET EARNINGS AND CASH FLOW ATTAINED...
Bausch & Lomb reports financial results for 1996 second quarter.
FEATURE/New Bausch & Lomb PC Screen Magnification System Will Help Millions of PC Users Everywhere.
The Bull Market Report Examines Eye-care Stocks.
Three new litigation groups join ATLA roster; another is revitalized.
Bausch & Lomb Products Granted New Technology Intraocular Lens Designation.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles