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Bausch & Lomb Owners Eye IPO of Eye-Care Company

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    FOX Business brief: Business news before bell

  • Duration 1:10
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Good morning everyone and Diana state -- Bausch and loans private equity owner is reportedly buying an IPO.

The Wall Street Journal reports Warburg Pincus is consider an initial public offering after potential buyers for Bausch and -- Didn't want to pay an asking price of at least ten billion dollars sources say five companies including Johnson & Johnson Abbott Laboratories and France's Sanofi.

Expressed interest but without a deal the journal says there's a high likelihood.

Warburg Pincus which took Bausch and -- private in 2007.

Launched an IPO this spring or fall.

A federal judge is expected to rule today on whether to approve the plea deal BP reached with the Justice Department following the -- -- -- ten oil spill in the Gulf of Mexico.

Under the terms of the deal of the deal BP will plead guilty to manslaughter and other charges and pay record.

Four billion dollars in criminal penalties for the company's role in this bill.

Eleven workers died -- the macondo well blew out causing the worst offshore oil spill in US history.

BP agreed in November to plead guilty to charges involving the workers' deaths and for lying to congress.

Imus in the morning continues right now on Fox Business.

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