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CIBA 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.





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