Why Bausch + Lomb Rallied Today
BLCOBausch + Lomb (BLCO) The Motley Fool·2024-09-17 03:31

The highly indebted healthcare stock rose on rumors it may be selling itself.Shares of Bausch + Lomb (BLCO 15.63%) rallied 15.7% as of 3:07 p.m. ET today.The stock is surging today on news the company is considering selling itself. Of note, Bausch + Lomb is the eye-care subsidiary of Bausch Health Companies, which was formerly known as Valeant Pharmaceuticals.Bausch Health prefers cash, not sharesValeant got into trouble nearly a decade ago after using debt to buy up several pharmaceutical companies, then s ...