Bausch + Lomb Soars on Report That It's Exploring a Sale.

Bausch + Lomb Corp., an eye-care company, is reportedly considering selling itself to separate from its debt-laden parent company, Bausch Health. The company is said to be working with Goldman Sachs to gauge interest from potential buyers. The news of a potential sale caused Bausch + Lomb shares to rise by as much as 18%. The company has approximately $4.7 billion in debt, while Bausch Health has over $20 billion in debt. A sale could value Bausch + Lomb at more than $13 billion. [Extracted from the article]