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Wesley Jessen Inc

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May 31, 2000 | CATHERINE DODGE, BLOOMBERG NEWS
Ciba Vision, a unit of European drug maker Novartis, reached an agreement Tuesday to buy Wesley Jessen VisionCare Inc., the largest maker of colored contact lenses, for about $785 million, beating a hostile bid from Bausch & Lomb Inc. As a result of the Ciba Vision agreement, Wesley Jessen said it's canceling its planned $386.2-million purchase of disposable-lens maker Ocular Sciences Inc. and paying a $25-million termination fee. The $38.
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BUSINESS
May 31, 2000 | CATHERINE DODGE, BLOOMBERG NEWS
Ciba Vision, a unit of European drug maker Novartis, reached an agreement Tuesday to buy Wesley Jessen VisionCare Inc., the largest maker of colored contact lenses, for about $785 million, beating a hostile bid from Bausch & Lomb Inc. As a result of the Ciba Vision agreement, Wesley Jessen said it's canceling its planned $386.2-million purchase of disposable-lens maker Ocular Sciences Inc. and paying a $25-million termination fee. The $38.
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