Sandell against Warburg offer for Bausch & Lomb

(Reuters) - PHILADELPHIA, July 26 - Sandell Asset Management Corp. said on Thursday it would vote against Warburg Pincus' $3.67 billion takeover bid for Bausch & Lomb Inc. and said the eye-care company's concerns about a rival $4.23 billion offer from Advanced Medical Optics Inc could be resolved.



Sandell said it believes Advanced Medical's $75 per share cash and stock offer is superior to the $65 per share cash offer by Warburg Pincus. The investment fund said Bausch & Lomb was unnecessarily dismissing the Advanced Medical proposal in favor of a transaction that significantly undervalues the company.


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Bausch & Lomb board to weigh bids Tuesday-sources

(Reuters) - By Jessica Hall



PHILADELPHIA, July 23 - The board of Bausch & Lomb, the eye-care company to be acquired by Warburg Pincus for $3.67 billion, will meet on Tuesday to decide whether to continue talks with unsolicited suitor Advanced Medical Optics Inc, sources familiar with the situation said on Monday.


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UPDATE 1-Advanced Medical bids $75/shr for Bausch&Lomb--WSJ

(Reuters) - Advanced Medical's offer is valued at $75 a share, of which
$45 is in cash and $30 in stock, according to the Wall Street
Journal report, which appeared on the Dow Jones newswire on
Thursday and cites people familiar with the situation.




The offer compares with the $65-per-share Warburg Pincus
offer, made in May.


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Private equity leads European cable deals- report

(Reuters) - The report singled out Cinven [CINV.UL], Carlyle Group,
Providence Equity Partners and Warburg Pincus [WP.UL] as being
particularly active.




Private equity actively invested in the cable industry in
the wake of the 2002 technology sector bubble bursting.


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UPDATE 1-ICICI share sale well covered, pricing seen high

(Reuters) - MUMBAI, June 22 - India's second-largest lender
ICICI Bank is set to price its $4.9 billion share sale at the
top end of the range after the local order book was filled more
than 11 times, bankers said.




Demand for the country's biggest ever share sale was boosted
by a significant bid from Singapore's Temasek Holdings [TEM.UL]
and private equity firm Warburg Pincus, but retail interest was
less strong.


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