With speculation that the CFO of Cooper Companies would resign at the end of the month, stock prices for the company started to drop by mid-Februrary. When Steven M. Neil finally did resign on February 29, the stock continued to fall until mid-March.
On January 6, 2005, CooperVision, Inc., one of Cooper Companies units of business purchased Ocular Sciences for $1.2 billion. This purchase gave CooperVision a line of silicon hydrogel-based contact lenses that it never had before. As a result, the company was then able to compete with the contact lens provider giants like Johnson & Johnson and Bausch & Lomb.