Corporate news: AMO withdraws offer for B&L

Yikes, not sure how I missed this last week. So, I guess Soothe will be a B&L drop at least for a while!

August 1, 2007 - Wall Street Journal

Advanced Medical Withdraws Bausch Bid

The withdrawal came after Bausch said yesterday that its board decided not to grant Advanced Medical time beyond a Friday deadline to persuade its shareholders to support its $4.3 billion takeover bid. Some of Advanced Medical's largest shareholders have opposed the offer, spurring Bausch's board to express concern that Advanced Medical wouldn't be able to muster support from its holders.