12:11 PM EST, 12/11/2024 (MT Newswires) -- Bausch + Lomb ( BLCO ) shares fell nearly 14% in recent Wednesday trading after Citigroup downgraded the company's stock to neutral from buy.

On Wednesday, the Financial Times reported that Blackstone (BX) has decided not to proceed with a joint takeover bid for Bausch + Lomb ( BLCO ). The report said that Blackstone, which initially partnered with TPG (TPG) in October to explore a bid, backed out due to high price expectations from the seller.

Also on Wednesday, Bausch + Lomb ( BLCO ) said that its affiliate has bought Elios Vision.

Price: 17.82, Change: -2.83, Percent Change: -13.70