Bausch + Lomb Confirms It Is Exploring a Potential Sale

Bausch + Lomb said it authorized management and advisers to explore a potential sale of the eye health company after shares dropped over reports of faltering deal talks with a group of private equity firms.

The company said a sale was “one of several options being explored to complete a full separation from Bausch Health Companies Inc.,” in a statement on Thursday. “That process is ongoing, and there can be no assurance that it will result in a transaction.”

The company said it typically didn’t comment on deal negotiations but wanted to issue a response to a request for information ...