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SAC Capital reduces stake in Bausch & Lomb
By Lisa Kerner
Charlotte, N.C., July 12 - Bausch & Lomb Inc. investors led by SAC Capital Advisors, LLC sold 1,323,918 shares of the company's stock between July 5 and July 11, priced between $67.83 and $72.25 per share, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 1,458,597 shares, or 2.7%, of the Rochester, N.Y., eye health products company.
On July 5, SAC Capital reported a 5.5% stake in Bausch & Lomb following the purchase of 2,989,995 shares of the company's stock for $202.57 million.
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