Bausch Health Companies Inc. announces an increase in shareholding by its Chairperson of the Board and board changes.
Paulson Capital Inc. and affiliates have increased their ownership of Bausch Health's common shares.
The Director Appointment and Nomination Agreement with Icahn Group has been terminated, leading to the resignation of two Board members.
Shareholding Increase
Paulson Capital Inc. and affiliates now beneficially own approximately 19.13% of Bausch Health's outstanding common shares.
Board Changes
Resignation of Brett M. Icahn and Steven D. Miller from the Board following the termination of the Director Appointment and Nomination Agreement.
Value and Confidence
Chairperson John A. Paulson expresses confidence in the value of Bausch Health and its business prospects.
- The increase in shareholding by Paulson Capital Inc. could impact the company's strategic direction and decision-making processes.
- The resignation of two Board members may lead to changes in the composition and governance of Bausch Health's Board of Directors.
Bausch Health's recent announcements reflect significant developments in its ownership structure and board dynamics, signaling potential shifts in its corporate governance. The company's strategic moves and the Chairperson's optimistic outlook suggest a focus on maximizing shareholder value and driving business growth.