Palo Alto-based Cooper Cos. reported that it...

Palo Alto-based Cooper Cos. reported that it has signed a letter of intent to sell the assets of its Cooper Surgical Opthalmic Surgical Products business to Alcon Laboratories Inc., a unit of Swiss conglomerate Nestle SA, for about $325 million in cash. Cooper Surgical develops, manufactures and markets opthalmic surgical instruments, equipment and systems, disposable surgical kits and intra-ocular lenses. Cooper Surgical has headquarts in Irvine and more than 700 employees.