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Insiders say that Blackstone Group may withdraw from its joint bid for Bausch&Lomb. Previously, it was reported that Blackstone and TPG (Deloitte Capital) had teamed up to bid for eye care company Bausch&Lomb. At present, negotiations are still ongoing. If Bausch&Lomb is willing to accept a lower price or if TPG finds another private equity investment group as a trading partner, the transaction may still be completed. (Financial Times)
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