to Acquire Wesley Jessen
DES PLAINES, IL AND ATLANTA -- CIBA Vision will acquire specialty
contact lens manufacturer Wesley Jessen for $38.50 per share (approximately
$785 million). Because of the deal, WJ has cancelled its merger
agreement with disposable contact lens manufacturer Ocular Sciences
and paid a $25 million termination fee. Bausch & Lomb had previously
offered $35.55 per share of WJ stock.