Bausch Health Companies Inc. announced an increase in ownership of its common shares by Paulson Capital Inc. and affiliates.
The Director Appointment and Nomination Agreement with Icahn Group has terminated as their net long position fell below a specified threshold.
Brett M. Icahn and Steven D. Miller have resigned from the Board of Directors.
Ownership Increase
Paulson Capital Inc. and affiliates now own approximately 19.13% of the Company's outstanding common shares.
Board Changes
Icahn Group's termination led to the resignation of Brett M. Icahn and Steven D. Miller from the Board.
Chairperson's Confidence
John A. Paulson expressed confidence in Bausch Health's value and business prospects.
- The increase in ownership indicates a vote of confidence in Bausch Health's future growth.
- Board changes may lead to shifts in corporate strategy and decision-making processes.
The recent ownership change and board resignations mark a significant moment for Bausch Health, potentially shaping its future direction and governance.