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Four proxy advisory firms support Bausch & Lomb-Warburg Pincus merger

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ROCHESTER, N.Y. — Four independent U.S. proxy advisory firms have recommended that Bausch & Lomb shareholders vote in favor of the proposed transaction with affiliates of Warburg Pincus at the Bausch & Lomb shareholder meeting scheduled for Sept. 21, the company announced in a press release.

The advisory firms are Institutional Shareholder Services, Egan-Jones Proxy Services, Glass Lewis & Co. and PROXY Governance.

Bausch & Lomb announced on May 16 that the company had entered into a definitive merger agreement whereby affiliates of Warburg Pincus will acquire Bausch & Lomb for $65 in cash for each Bausch & Lomb share, representing a total purchase price of about $4.5 billion, including about $830 million in debt, the release said.

An affirmative vote by shareholders representing at least 66.7% of Bausch & Lomb common stock and Class B stock outstanding is required for the proposed merger to be completed.