Bausch Health Sees Increase in Shareholder Stake and Board Changes

Bausch Health Companies Inc. has announced a significant change in its shareholding structure. Paulson Capital Inc., along with its affiliates and managed funds, has increased its stake in Bausch Health's common shares. This increase follows the acquisition of 34,721,118 common shares previously held by Carl C. Icahn and his affiliates, known as the Icahn Group.

Paulson Capital and its affiliates now own approximately 19.13% of Bausch Health's outstanding common shares. Furthermore, the termination of a Director Appointment and Nomination Agreement with the Icahn Group led to the resignation of Brett M. Icahn and Steven D. Miller from the Board of Directors.

John A. Paulson, Chairperson of the Board, expressed confidence in Bausch Health's value and future prospects, citing a focus on maximizing shareholder value. He acknowledged the contributions of Brett and Steven to the company.