FIGHT ON FOR RETAINING VALEANT PHARMACEUTICAL

State and local officials are fighting efforts by Valeant Pharmaceutical International to move Bausch & Lomb Inc.’s headquarters to New Jersey.
Rochester Mayor Thomas Richards and Monroe County Executive Maggie Brooks, along with others, sent a letter to Valeant CEO Michael Pearson expressing their ire over the planned headquarters move. The letter also addressed the company’s announced plans to eliminate 10 percent to 15 percent of the eye-care company’s and Valeant’s combined workforce after Valeant’s proposed $8.7 billion takeover of Bausch & Lomb closes.

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