NEW YORK (MarketWatch) — Abbott and Advanced Medical Optics said Monday that Abbott would acquire Advanced Medical Optics for $22 a share, or about $2.8 billion including debt. On a global basis, AMO holds the first position in Lasik surgical devices, the second position in the cataract surgical device market and the third position in contact-lens care products. On Friday, AMO shares traded for $8.85 a share. Additionally, Abbott said it affirmed its 2008 earnings-per-share outlook of $3.31-$3.33, excluding items, and said for 2009 it sees $3.65-$3.70 in earnings per share. The 2009 forecast includes the AMO acquisition. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

See the rest here:
Abbott to acquire Advanced Medical Optics at 150% premium