ABBOTT LABORATORIES acquired Advanced Medical Optics, Inc. for $22.00 per share, approximately $2.8 billion including debt, a transaction completed in February 2009, structured as all cash (tender offer).
Advanced Medical Optics, Inc. operates in Medical devices — vision care, is based in Santa Ana, California, USA. Advanced Medical Optics is a leader in eye care, holding the number one position in LASIK surgical devices, number two in the cataract surgical device market and number three in the contact lens care market.
Gives Abbott a leadership position in the large and growing eye care market, establishing a new medical device franchise in vision care.
Leadership positions across the large and growing eye care market. Became Abbott Medical Optics (AMO)
Advisory firms were not disclosed for this transaction.