10:19 AM EST, 02/06/2025 (MT Newswires) -- Bausch + Lomb ( BLCO ) said Thursday that a go-private deal with a third-party buyer won't materialize at this time.

The deal was one of the options being explored to complete a full separation from Bausch Health ( BHC ) , Bausch + Lomb ( BLCO ) said.

"After engagement with potential buyers, that process is complete, and will not result in a transaction at this time," Bausch + Lomb ( BLCO ) said, adding that "full separation remains the goal."

Bausch + Lomb ( BLCO ) shares were falling past 8% in recent trading, and Bausch Health ( BHC ) was down nearly 4%.

Price: 16.29, Change: -1.46, Percent Change: -8.23