Bausch Health Companies Inc. announced an increase in shareholding by Paulson Capital Inc. and affiliates.
This increase reflects the acquisition of a net long position of common shares previously held by Mr. Carl C. Icahn and affiliates.
Paulson Capital Inc. and affiliates now beneficially own approximately 19.13% of the Company's outstanding common shares.
Director Appointment and Nomination Agreement with Icahn Group terminated as their net long position fell below a specified threshold, leading to resignations from Brett M. Icahn and Steven D. Miller from the Board.
Ownership Increase
Paulson Capital Inc. and affiliates increased their ownership of Bausch Health common shares.
Termination of Agreement
Director Appointment and Nomination Agreement with Icahn Group terminated as their net long position fell below the specified threshold.
Board Changes
Resignations from Brett M. Icahn and Steven D. Miller from the Board following the termination of the agreement.
Chairperson's Statement
John A. Paulson, Chairperson of the Bausch Health Board, expressed confidence in the Company's efforts to maximize shareholder value and thanked the resigning directors for their contributions.
- The increase in shareholding by Paulson Capital Inc. and affiliates signifies a shift in the Company's ownership structure.
- The termination of the agreement with Icahn Group and the subsequent board changes may impact the Company's governance and strategic direction.
The recent developments at Bausch Health Companies Inc. reflect significant changes in ownership and board composition, potentially influencing the company's future trajectory. Shareholders and stakeholders should closely monitor how these developments unfold in the coming months.