Bausch Health Companies Inc. announces an increase in shareholding by its Chairperson of the Board and board changes.
Paulson Capital Inc. and affiliates acquired 34,721,118 common shares previously held by Mr. Carl C. Icahn and affiliates.
Director Appointment and Nomination Agreement with Icahn Group terminated as their net long position fell below the specified threshold.
Ownership Increase
Paulson Capital Inc. and affiliates now beneficially own approximately 19.13% of the company's outstanding common shares.
Board Changes
Resignation of Brett M. Icahn and Steven D. Miller from the Board following the termination of the agreement with Icahn Group.
Chairperson's Confidence
Chairperson John A. Paulson expresses confidence in Bausch Health's value and business prospects.
- The increase in shareholding by Paulson Capital Inc. signifies a strategic move to maximize shareholder value.
- The board changes indicate a shift in leadership dynamics within Bausch Health Companies Inc.
The developments at Bausch Health underscore the company's commitment to enhancing shareholder value and optimizing business operations amidst changing board dynamics.