Bausch Health announced an increase in ownership by Paulson Capital Inc. and affiliates.
Paulson Capital Inc. acquired the net long position previously held by Mr. Carl C. Icahn and affiliates.
Director Appointment and Nomination Agreement with Icahn Group terminated as their position fell below threshold.
Ownership Increase
Paulson Capital Inc. and affiliates now beneficially own 19.13% of Bausch Health's outstanding common shares.
Director Resignations
Brett M. Icahn and Steven D. Miller resigned from the Board of Directors.
Chairperson's Confidence
Chairperson John A. Paulson expressed confidence in Bausch Health's value and business prospects.
- The ownership shift indicates increased confidence in Bausch Health's future.
- Resignations from the Board may lead to changes in strategic direction and decision-making.
Bausch Health's recent developments with ownership and board changes reflect a shift in shareholder landscape and potential strategic adjustments.