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Buyout buzz: Sanofi, J&J and Abbott in the hunt for Bausch + Lomb

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The crew at Bloomberg has ferreted details from a process to sell privately owned drug and device company Bausch + Lomb, with giants Abbott Laboratories ($ABT), Johnson & Johnson ($JNJ) and Sanofi ($SNY) reportedly in the chase to acquire the company, unnamed sources told the news service. Private equity owner Warburg Pincus might be seeking $10 billion or more for Bausch + Lomb, asking 12 to 13 times more than the business is projected to rake in during 2013. Article | More