Bausch Health Companies Inc. announced an increase in ownership by Paulson Capital Inc. and certain affiliates and managed funds.
The increase reflects the acquisition of 34,721,118 common shares previously held by Mr. Carl C. Icahn and his affiliates.
Director Appointment and Nomination Agreement terminated after Icahn Group's position fell below a specific threshold.
Ownership Increase
Paulson Capital Inc. and affiliates now own approximately 19.13% of Bausch Health's common shares.
Board Changes
Brett M. Icahn and Steven D. Miller resigned from the Board following the termination of the Director Appointment and Nomination Agreement.
Chairperson's Confidence
Chairperson John A. Paulson expressed confidence in Bausch Health's value and business prospects.
- The increase in ownership signals confidence in Bausch Health's future prospects.
- The Board changes reflect a shift in leadership and governance within the company.
Bausch Health's latest announcement marks a significant development in the company's ownership structure and governance.