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Vision Care Company

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BUSINESS
August 18, 1987 | Associated Press
Revlon Group offered Monday to buy Gillette Co. in a cash and securities transaction worth about $5.4 billion, Revlon's third bid for Gillette in nine months. Gillette declined to comment on the latest proposal, which was made in a letter to Chairman Colman M. Mockler Jr. But Revlon may not make a formal offer to Gillette shareholders without the permission of Gillette's management under an agreement reached after Revlon dropped its initial takeover offer last November. Gillette stock jumped $3.
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BUSINESS
December 2, 1999 | From Reuters
Bausch & Lomb Inc. said Wednesday it will consolidate its contact lens manufacturing unit and cut 7% of its jobs worldwide in a move it said will sap near-term earnings but boost future financials. The restructuring, which comes only a few months after the global eye-care giant divested nonstrategic businesses to focus on building its vision care unit, will lead to a $56-million pretax charge, or 61 cents per share, in the fourth quarter.
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BUSINESS
December 2, 1999 | From Reuters
Bausch & Lomb Inc. said Wednesday it will consolidate its contact lens manufacturing unit and cut 7% of its jobs worldwide in a move it said will sap near-term earnings but boost future financials. The restructuring, which comes only a few months after the global eye-care giant divested nonstrategic businesses to focus on building its vision care unit, will lead to a $56-million pretax charge, or 61 cents per share, in the fourth quarter.
BUSINESS
August 18, 1987 | Associated Press
Revlon Group offered Monday to buy Gillette Co. in a cash and securities transaction worth about $5.4 billion, Revlon's third bid for Gillette in nine months. Gillette declined to comment on the latest proposal, which was made in a letter to Chairman Colman M. Mockler Jr. But Revlon may not make a formal offer to Gillette shareholders without the permission of Gillette's management under an agreement reached after Revlon dropped its initial takeover offer last November. Gillette stock jumped $3.
BUSINESS
March 1, 1998 | (Barbara Marsh)
Safeguard Health Enterprises Inc., the managed dental and vision care company, Thursday posted a loss of $6.1 million, or $1.30 a share, for the fourth quarter, jolting analysts who had expected earnings of about 25 cents. The company took an $8.5-million pretax charge related to recent sales of 32 dental offices in the state. The charge included $5.6 million in increased reserves for notes the company issued dentists purchasing the California practices, which have since fallen into default.
BUSINESS
September 30, 2004 | Denise Gellene, Times Staff Writer
Staar Surgical Co. said Wednesday that the launch of its newest vision product, an implantable contact lens, would be delayed because Food and Drug Administration inspectors found numerous problems at the company's Monrovia factory. Staar's shares plunged 38% on the news. Staar said in a regulatory filing that the FDA cited 36 deficiencies in manufacturing, quality control and complaint-handling procedures. The company said it couldn't predict when the matter would be resolved.
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