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Thursday, August 6, 2020

Bausch Health to spin off eye care business

Bausch Health Companies (NYSE:BHC) jumps 35% premarket on light volume in reaction to a report that it plans to spin of Bausch + Lomb which accounted have its revenue last year.
It acquired the eye care business for $8.7B in 2013 under then-CEO Michael Pearson.

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