Bausch Health Companies Inc. announced an increase in ownership of common shares by Paulson Capital Inc. and affiliates.
The Director Appointment and Nomination Agreement with Icahn Group has been terminated, leading to resignations from the Board.
Chairperson John A. Paulson expressed confidence in the company's value and thanked outgoing members for their contributions.
Ownership Increase
Paulson Capital Inc. and affiliates now own approximately 19.13% of Bausch Health's outstanding common shares.
Board Changes
Resignations of Brett M. Icahn and Steven D. Miller from the Board due to the termination of the Director Appointment and Nomination Agreement.
Chairperson's Confidence
John A. Paulson expressed optimism about Bausch Health's value and its subsidiary, Bausch + Lomb Corporation.
- The ownership shift signifies Paulson Capital Inc.'s increased confidence in Bausch Health's potential.
- Resignations from the Board may impact the company's strategic direction and decision-making processes.
The changes in ownership and board composition mark a significant phase for Bausch Health, reflecting shifting alliances and strategies within the company.